In a base period, salaries comprise 50% of selling price of product, materials and overheads 40%, and profits 10%. If salary structure rose by 20%...

      

In a base period, salaries comprise 50% of selling price of product, materials and overheads 40%, and profits 10%. If salary structure rose by 20% and materials and overhead costs rose by 10% from base period. What must have been the percentage increase in selling price if profits remained 10% of selling price?

  

Answers


Wilfred
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Wilfykil answered the question on February 20, 2019 at 10:20


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