The cost of setting up the type of a magazine is ₹1000. The cost of running the printing machine is…
The correct choice is: “₹726” Total cost of 900 copies: Setting up type: ₹1000 Running the machine: 120 × 9 = ₹1080 Paper, ink etc.: 900 × 0.60 = ₹540 Total cost = 1000 +…
Choose your answer
The cost of setting up the type of a magazine is ₹1000. The cost of running the printing machine is ₹120 per 100 copies, the cost of paper, ink and so on is 60 paise per copy. The magazines are sold at ₹2.75 each. 900 copies are printed, but only 784 copies are sold. What is the sum to be obtained from advertisements to give a profit of 10% on the cost?
Answer and explanation
Correct answer C
The correct choice is: “₹726”
Total cost of 900 copies:
- Setting up type: ₹1000
- Running the machine: 120 × 9 = ₹1080
- Paper, ink etc.: 900 × 0.60 = ₹540
Total cost = 1000 + 1080 + 540 = ₹2620. For a 10% profit, total receipts must be 2620 × 1.1 = ₹2882.
Receipts from sales = 784 × 2.75 = ₹2156.
Amount needed from advertisements = 2882 − 2156 = ₹726.
Practice for these exams
-
AILET UG