The cost of production of a radio set 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 the radio set is marked at a price the clears 20% profit on the cost price, what is the marked price of the set? Subsequently, the costs of material, labour and overhead increase by 20%, 30% and 10% respectively. Calculate the cost of manufacture now and the marked price to clear the same percentage profit as before. the final answer is 1320 but I don't know the procedure so pls explain the procedure step by step
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material used in the radio set. If the radio set is marked at a price the clears 20% profit on the cost price, what is the marked
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20%, 30% and 10% respectively.
900, divided between material
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