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The question below consists of a question and two statements numbered A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the questions. Read both the statements and give an answer.
A product was sold for Rs.S at a profit of p% where the cost of manufacturing the product consisted of Raw materials, Labour and Overheads. The costs for Raw Materials, Labour and Overheads are increased and the company intends to sell the product at a profit. What is the new selling price in Rs.?
(A) Cost for Raw Materials, Labour and Overheads are in the ratio of R:L: OH prior to increase in costs.
(B) Cost of Raw Materials, Labour and Overheads are increased by r%, 1% and oh% respectively?
Most Upvoted Answer
The question below consists of a question and two statements numbered ...
Statement Analysis

Statement A

- The statement provides information on the ratio of costs for Raw Materials, Labour, and Overheads before the increase.
- However, it does not specify the actual values or the percentage increase in costs.
- Without the actual values or the percentage increase, it is not possible to calculate the new selling price.
Statement B

- The statement gives the percentage increase in costs for Raw Materials, Labour, and Overheads.
- It provides the necessary information to calculate the new costs and subsequently the new selling price.
- By using the percentage increase values provided in this statement, the new selling price can be calculated.
Conclusion

- Statement B alone is sufficient to answer the question.
- Statement A does not provide the required information, so it is not sufficient on its own.
- Therefore, the answer is option B - Statement B alone is sufficient to answer the question.
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The question below consists of a question and two statements numbered A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the questions. Read both the statements and give an answer.A product was sold for Rs.S at a profit of p% where the cost of manufacturing the product consisted of Raw materials, Labour and Overheads. The costs for Raw Materials, Labour and Overheads are increased and the company intends to sell the product at a profit. What is the new selling price in Rs.?(A) Cost for Raw Materials, Labour and Overheads are in the ratio of R:L: OH prior to increase in costs.(B) Cost of Raw Materials, Labour and Overheads are increased by r%, 1% and oh% respectively?
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The question below consists of a question and two statements numbered A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the questions. Read both the statements and give an answer.A product was sold for Rs.S at a profit of p% where the cost of manufacturing the product consisted of Raw materials, Labour and Overheads. The costs for Raw Materials, Labour and Overheads are increased and the company intends to sell the product at a profit. What is the new selling price in Rs.?(A) Cost for Raw Materials, Labour and Overheads are in the ratio of R:L: OH prior to increase in costs.(B) Cost of Raw Materials, Labour and Overheads are increased by r%, 1% and oh% respectively? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The question below consists of a question and two statements numbered A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the questions. Read both the statements and give an answer.A product was sold for Rs.S at a profit of p% where the cost of manufacturing the product consisted of Raw materials, Labour and Overheads. The costs for Raw Materials, Labour and Overheads are increased and the company intends to sell the product at a profit. What is the new selling price in Rs.?(A) Cost for Raw Materials, Labour and Overheads are in the ratio of R:L: OH prior to increase in costs.(B) Cost of Raw Materials, Labour and Overheads are increased by r%, 1% and oh% respectively? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The question below consists of a question and two statements numbered A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the questions. Read both the statements and give an answer.A product was sold for Rs.S at a profit of p% where the cost of manufacturing the product consisted of Raw materials, Labour and Overheads. The costs for Raw Materials, Labour and Overheads are increased and the company intends to sell the product at a profit. What is the new selling price in Rs.?(A) Cost for Raw Materials, Labour and Overheads are in the ratio of R:L: OH prior to increase in costs.(B) Cost of Raw Materials, Labour and Overheads are increased by r%, 1% and oh% respectively?.
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