If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industry thus decide to increase the selling price by 10%. Find the new profit percent

Comments and Answers (2)

Shumbham

Shumbham

please explain answer

Kulwant

Kulwant

need help, explain answer

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