The production cost of a printer is as follows: overheads-$80; wages-$120; raw material-$100 if the cost of overheads increases by 20%, wages by 15% and raw material by 11%. find the percentage increse in the production cost of printer
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Cost of Overheads-$80
Cost of wages-$120
Cost of material-$100
Total cost of production at old rates= $300
New price of overheads- 80+16=$96
N.P. of wages- 120+18=$138
N.P. of material- 100+11=$111
total cost of production at new rates- 96+138+111=$345
increase in cost- 345-300=$45
% increase- 45/300×100=15%
Cost of wages-$120
Cost of material-$100
Total cost of production at old rates= $300
New price of overheads- 80+16=$96
N.P. of wages- 120+18=$138
N.P. of material- 100+11=$111
total cost of production at new rates- 96+138+111=$345
increase in cost- 345-300=$45
% increase- 45/300×100=15%
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