Question

The cost of making an article is divided between materials, labour, and overheads in the ratior 5:3:1. The cost of the material is rs125 ..Therefore the cost of labour is

Answer 1

33 1/3%

Cost ratio of material, labor, overheads => 4:3:2

Total cost ll be 4x+3x+2x = 9x

Cost of Labor = 45

Therefore 3x=45 => x = 15

Total cost of article is 4*15+3*15+2*15 = 135

If SP = 180, then profit= 180-135 = 45

Profit % = 45*100/135 => 33 1/3%