Question

help!!!
A manufacture estimates that on inspection 12% of the articles will be rejected. He accepts to supply 22000 articles at 7.50 each. He estimates the profit of his outlay including manufacturing of rejected articles to be 20%.Find cost of manufacturing of each article?

Answer 1

@ganeshie8

Answer 2

6.25

Answer 3

how? steps please?

Answer 4

if 12% will be rejected on inspection, then it means that 88% will not be rejected.
therefore he will sell 88% of 22000 items at 7.5 each
so total sales will be 0.88 * 22000 * 7.5
lets say each item costs him C, this means his total cost for buying 22000 items is 22000C
now you know the total sales and total cost price
use these to work out the cost price as you are told that the profit should be 20%

Answer 5

Ah!

Answer 6

hopefully you can solve from there now :)

Answer 7

yeah thanks let me have a try )

Answer 8

yw :)

Answer 9

88%=22000
100%=25000
25000@7.5=187500
187500=120%
100%=156250
i.e 6.25

Answer 10

ohk!! well let me see if it's coming..the actual answer is 550

Answer 11

@cj49 the question said that 12% will be rejected - it does not say that the total AFTER rejection is 22000

Answer 12

yeah! true

Answer 13

ah! i missed dat part..

Answer 14

np)