Question
Find the cost of manufacturing each article if a
manufacturer estimates that on inspection 12% of the articles he produces will be rejected. He accepts an order to supply 22,000 articles at Rs. 7.50 each. He estimates the profit on his outlay including the manufacturing of rejected articles, to be 20%.Solution
If 100 articles are manufactured then 12 will be rejected
Total selling price of 88 articles = 88 × 7.5 = 660
Total cost price = (660 x 100)/120 = 550
cost of manufacturing per article = 550/100 = Rs 5.5
More Profit and loss Questions
What approximate value will come in place of question (?) in the following given expression? You are not expected to calculate the exact value.
...29.98% of 549.99 = ? - 254.97 + 79.98% of 74.99Â
What approximate value should come in the place of (?) in the following questions?
42.98% of 849 + 18.45% of 1201 ≈ ?6940 ÷ 28 ÷ 7 = ?
194.95 + 3.98 × 64.99 - ? = (10.99 + 9.02)2
What is the area (in cm²) of a square inscribed in a circle with a radius of 10√2 cm?
(√8648 ×7) ÷ (3.9 ×5.99) = ?
7480 ÷ 16.98 – 34.32 ÷ (4.99/99.9) = ?
3.992 + (3.01 × 2.98) + ? = 225.03
