Take, for instance, a farmer who sells wheat to a flour mill for Rs 8 per kg. The mill grinds the wheat and sells the flour to a biscuit company for Rs 10 per kg. The biscuit company uses the flour and things such as sugar and oil to make four packets of biscuits. It sells biscuits in the market to the consumer for Rs 60 ( Rs 15 per packet). Final value of the product will be : *
Answers
Answer:For example, a farmer sells wheat to the flour mill at Rs8 per kg. The mill grinds the wheat and sells the flour to a biscuit manufacturing company for Rs 10 per kg. The biscuit company uses ingredients such as flour, sugar, and oil to make 5 packets of biscuits. These biscuits are sold at a price of Rs 100 (Rs 20 per biscuit) to the customers. Only the biscuit is considered as final goods because they reach the final consumers. Wheat is considered as an intermediate product. It is used in the production of final goods only. The value of final goods already includes the value of all the intermediate goods that were used in the production of final goods
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Explanation:
Answer:
The value of final product in total is Rs.60