SOLUTION —
Ascending order, are $40,50,60,70,70,75,80,80,90$ and 95
$\therefore \quad$ Median $=$ Value of $\left(\frac{15+1}{2}\right)$ th term
$=$ Value of 8 th term $=60$
( $\because$ first five students are failed)
So, The correct option of this question will be (C).