the cost of manufacturing an article is made up of materials, labour and overheads in the ratio of 4:3:2 . If cost of labour is Rs 45. find the profit percentage of article if it is sold at Rs 180
Solution (By Examveda Team)
33 1/3%Cost ratio of material, labor, overheads => 4:3:2
Total cost ll be 4x+3x+2x = 9x
Cost of Labor = 45
Therefore 3x=45 => x = 15
Total cost of article is 4*15+3*15+2*15 = 135
If SP = 180, then profit= 180-135 = 45
Profit % = 45*100/135 => 33 1/3%
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