The prime cost of an article was 3 times the value of materials used. The cost of raw materials increases in the ratio of 3:7 and productive wages 4:9. Find the present prime cost of an article which could formerly be made for rs. 18.
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Aim:
To find the present cost of an article that was made for Rs. 18.
Solution:
Let us consider
prime cost = raw material + 2 (wages)
Present Cost=18
Materials used is 3 times less then the prime cost of the article.
so, raw material = 18/3 =6
Hence,
wages = 18 - 6
wages =12.
Now lest use consider as per the question:
New raw material = 6×7/3 = 14
New wages = 12×9/ 4= 27
Hence,
The New Prime cost of the article = 14 + 27 = 41
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