the cost of manufacturing an item is partly fixed and partly depending on the number of items produced if the cost of manufacturing 15 items is 82 rupees and their Tom and precious 32 item is 167 rupees find the cost of producing one item
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Given
the cost of manufacturing an item is partly fixed and partly depending on the number of items produced if the cost of manufacturing 15 items is 82 rupees and their Tom and precious 32 item is 167 rupees find the cost of producing one item
ANSWER
Let the fixed cost be Rs x
Also let the cost of producing one item be Rs y.
Now according to the question
x + 15 y = 82----------(1)
x + 32 y = 167--------(2)
Solving the equations by subtracting we get
17 y = 85
y = 85/17
y = 5
Now x + 15 y = 82
x + 15(5) = 82
x = 82 – 75
x = 7
So, fixed cost is Rs 7 and cost of producing one item will be Rs 5
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