The cost of making an article is divided between materials, labour and overheads in the ratio 3 : 4 : 1. If the materials cost Rs. 67.50, the cost of article is?
Correct Answer: Rs. 180
Explanation:
If material cost Rs. 3, the cost of the article is = Rs. ( 3 + 4 + 1) = Rs. 8
If material cost Rs. 67.50, the cost of the article = Rs. (8/3 x 67.5) = Rs. 180
