Question

Calculate the profit per pattern from following data. Market
price of a pattern is Rs.300. Discount offered on market
price is nil. Material cost, labour and overheads are in
proportion of 1:2:3. If labour cost is Rs.60 per pattern.​

Answer 1

Step-by-step explanation:

Let Material cost = x, Labour cost=2x= 60 and Over heads = 3x

Total cost =x+2x+3x=6x

We know 2x = 60

x=30

Total cost = 6x= 6×30= 180

Total profit = Market Price - Total Cost

= 300-180 = 120

Profit = 120