Profit and Loss Practice Test 1

Question : 31 of 40

Marks: +1, -0

A manufacturer of a certain item can sell all he can produce at the selling price of Rs 60 each. It costs him Rs 40 in materials inclusive of the labour to produce each item. With the overhead expenses of Rs 3,000 per week in order to operate the plant. The number of units he should produce and sell in order to make a profit of at least Rs 1,000 per week is:

Validate

Solution:

\table \Quantity ,\Total \CP ,\Total \SP ,\Profit;x, 40x + 3000 ,60x ,\Rs 1000

According to the statement,
CP = SP - Profit

40x+ 3,000= 60x- 1,000

4,000 = 20x

x = Rs 200

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