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
Answers
Let prime cost = raw material + 2(wages)
Cost=18,,so really material = 18/3 =6
Hence wages = 12.
Now new raw material = 6*7/3 = 14
And new wages = 12*9/ 4= 27
Hence new c.p = 14 + 27 = 41
Solution 2:
Let the original cost of article be 450 (which gives raw material 150 and wages 300)
Now Increased raw material will be
=> increased raw material = (7/3)*150 = 350
Now Increased wage will be
=> increased wage = (9/4)*300 = 675
Increased cost = 675 + 350 = 1025
So increase is from 450 to 1025 increase from 18 can be found out by :-
=>(450*18)/1025
=>Rs 41
Step-by-step explanation:
Let prime cost = raw material + 2(wages)
Cost=18,,so really material = 18/3 =6
Hence wages = 12.
Now new raw material = 6*7/3 = 14
And new wages = 12*9/ 4= 27
Hence new c.p = 14 + 27 = 41