New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Direction: A manufacturing company produces three products: A, B, and C. The following table summarizes the production details for each product over a period of 5 months, including the cost price (CP), selling price (SP), and units produced each month.

    Calculate the total units produced for each product over

    the 5 months. Based on this production data, determine the total cost price and total selling price for each product. What is the overall profit or loss for the company?
    A Total Profit ₹320,000 Correct Answer Incorrect Answer
    B Total Profit ₹273,000 Correct Answer Incorrect Answer
    C Total Profit ₹280,000 Correct Answer Incorrect Answer
    D Total Profit ₹300,000 Correct Answer Incorrect Answer
    E Total Loss ₹210,000 Correct Answer Incorrect Answer

    Solution

    Total Units Produced: Product A = 100 + 120 + 130 + 110 + 150 = 610 Product B = 80 + 90 + 70 + 60 + 100 = 400 Product C = 150 + 160 + 180 + 200 + 170 = 860 Total Cost Price for each product: Product A = 610 × 200 = ₹122,000 Product B = 400 × 250 = ₹100,000 Product C = 860 × 300 = ₹258,000 Total Selling Price for each product: Product A = 610 × 300 = ₹183,000 Product B = 400 × 350 = ₹140,000 Product C = 860 × 500 = ₹430,000 Total CP = 122,000 + 100,000 + 258,000 = ₹480,000 Total SP = 183,000 + 140,000 + 430,000 = ₹753,000 Overall Profit = Total SP - Total CP = 753,000 - 480,000 = ₹273,000

    Practice Next

    Relevant for Exams: