Question
Download Solution PDFComprehension
Study the following graph and answer the questions that follow:
Number of items produced (in thousands) and cost (in Rs.) per hundred items in six companies.
What is the total cost of the items produced by companies A, C and E together?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Company A: items = 32 000, cost/100 = ₹45
Company C: items = 40 000, cost/100 = ₹50
Company E: items = 35 000, cost/100 = ₹55
Formula used:
Total cost = items × (cost/100)
Calculations:
⇒ Cost of A: \((32000×45)/100\) = \((32000×0.45)\) = 14400
⇒ Cost of C: \((40000×50)/100\) = \((40000×0.50)\) = 20000
⇒ Cost of E: \((35000×55)/100\) = \((35000×0.55)\) = 19250
∴ Total cost = ₹14400 + ₹20000 + ₹19250 = ₹53650
∴ The correct answer is option 3.
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