Question:
A manufacturer of a certain item can sell all he can produce at the selling price of ₹ 60 each. It cost him ₹ 40 in materials and labour to produce each item and he has overhead expenses of ₹ 3000 per week in order to operate that plant. The number of units he should produce and sell in order to make a profit of at least ₹ 1000 per week is
A manufacturer of a certain item can sell all he can produce at the selling price of ₹ 60 each. It cost him ₹ 40 in materials and labour to produce each item and he has overhead expenses of ₹ 3000 per week in order to operate that plant. The number of units he should produce and sell in order to make a profit of at least ₹ 1000 per week is
Updated On: Sep 23, 2024
- 300
- 400
- 250
- 200
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The Correct Option is D
Solution and Explanation
Let x be total \(\frac{items}{week}\),
Selling Price (SP) will be 60x,
Cost Price (CP) will be [40x+4000 (extra 1000 for profit)]
So,
40x + 4000 = 60x
20x = 4000
x=200.
The number of units he should produce and sell in order to make a profit of at least \(₹\)1000 per week is 200 So the correct option is (D)
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