The cost of manufacture of an article is made up of materials,labour and overheads in the ratio 4:3:2.If the cost of labour is Rs45,find the total cost of the article.Find the profit percent,if the article is sold for Rs.180
Please answer fast.
Answers
Answered by
6
Say the total cost is 
Since the labour cost is
, using the given ratio of split up of costs we have
Profit % =
Since the labour cost is
Profit % =
tokaians:
ur profit% is wrong
Ahh possible.. what percent are you getting ?
its in fraction
i did not get the 1st part
thanks for the catch :) fixed it.. please see if it looks okay now...
yes!
but in the 1st part there's some cofusion
sorry confusion
Ohk.. the labour factor is "3" in the total costs, so 3/(4+3+2)*C gives the cost of labour. similarly 4/(4+3+2)*C gives the cost of material and 2/(4+3+2) gives the cost of overheads
Answered by
4
cost of manufacture = M
cost of Labour = L
cost of overheads = H
M : L : H = 4 : 3 : 2
Cost of labour is L = Rs 45 = 3 * Rs 15 => it is 3 times 15.
=> cost of manufacture M = 4 * Rs 15 = Rs 60, it is 4 times 15 as per ratio.
=> cost of overheads = H = 2 * Rs 15 = Rs 30
Total cost of the article = Rs 45 + 60 + 30 = Rs 135.
Profit percent = (180 - 135)/135 * 100 = 45/135 * 100 = 33.33%
cost of Labour = L
cost of overheads = H
M : L : H = 4 : 3 : 2
Cost of labour is L = Rs 45 = 3 * Rs 15 => it is 3 times 15.
=> cost of manufacture M = 4 * Rs 15 = Rs 60, it is 4 times 15 as per ratio.
=> cost of overheads = H = 2 * Rs 15 = Rs 30
Total cost of the article = Rs 45 + 60 + 30 = Rs 135.
Profit percent = (180 - 135)/135 * 100 = 45/135 * 100 = 33.33%
Similar questions