In a manufacturing unit, it was noted that the price of raw material has increased by 25% and the labour cost has gone u…
Q1
In a manufacturing unit, it was noted that the price of raw material has increased by 25% and the labour cost has gone up from 30 % of the cost of raw material to 38 % of the cost of the raw material. What percentage of the consumption of raw material be reduced to keep the cost the same as that before the increase?
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