GATE ME 2015 Set 2 — Question 65
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Question
A manufacturer has the following data regarding a product:
Fixed cost per month = Rs. 50000
Variable cost per unit = Rs. 200
Selling price per unit = Rs. 300
Production capacity = 1500 units per monthIf the production is carried out at 80% of the rated capacity, then the monthly profit (in Rs.) is ___________
Fixed cost per month = Rs. 50000
Variable cost per unit = Rs. 200
Selling price per unit = Rs. 300
Production capacity = 1500 units per monthIf the production is carried out at 80% of the rated capacity, then the monthly profit (in Rs.) is ___________
Correct answer
68000 to 72000
Solution
1.Calculate the actual production quantity:
Rated capacity = 1500 units/monthActual production () = of rated capacity = units/month
2.Calculate the Total Revenue (TR):
3.Calculate the Total Variable Cost (TVC):
4.Calculate the Total Cost (TC):
5.Calculate the Monthly Profit:
The monthly profit is Rs. 70,000.
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