Question
Find the cost of manufacturing each article if a
manufacturer estimates that on inspection 15% of the articles he produces will be rejected. He accepts an order to supply 20,000 articles at Rs. 4.40 each. He estimates the profit on his outlay including the manufacturing of rejected articles, to be 36%.Solution
If 100 articles are manufactured then 15 will be rejected
Total selling price of 85 articles = 85 × 4.4 = 374
Total cost price = (374 x 100)/136 = 275
cost of manufacturing per article = 275/100 = Rs 2.75
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