The cost of production of a radio set in is Rs 900,divided between material, labour and overheads in the ratio 3:4:2.Calculate the cost of material used in the radio set. If radio set is marked at a price that clears 20% profit on the cost price, what is the marked price of the set? Subsequently, the cost of material, labour and overheads increased by 20%,30% and 10% respectively. Calculate the cost of manufacture now and the marked price to clear the same percentage profit as before.
Answers
Answered by
0
Answer:
3:4:2 Means 3+4+2 = 9
900/9 = 100
Material Price = 3*100 = 300
Labour Cost . = 4*100 = 400
Over Head Cost = 2*100 = 200
Marked Price 900 + 20% - 900 + 180 = Rs. 1080/-
After Cost Of Material Increase
Material Cosl. 300 + 20% - 300 + 60 = 360
Labour Cost. 400 + 30% - 400 + 120 = 520
Overhead Cost. 200 + 10%. - 200 + 20 = 220
Total Cost Will Be - 360+520+220 = Rs. 1100
New Marked Price - 1100 + 20% - 1100 + 220 = Rs.1320/-
Similar questions