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31 Aug 2009, 06:45
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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OA Please explain
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Hi there,
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31 Aug 2009, 06:52
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oppps tough ...some1 pls pass by here
31 Aug 2009, 08:34
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rohansherry
Cost of labor = L
Cost of materials = M
Total cost = L + M
Price paid = 500,000.
Profit will be 500,000 - (L + M)
Stmt1:
L+M = 3M => L = 2M => profit will be (500,000 - 3M) doesn't tell us if it is more than 150,000?
Stmt2:
{500,000 - (L+M)} > L => 500,000 > 2L + M, still not sure if profit could be more than 150,000?
combining stmts:
500,000 > 5M => 100,000 > M. Cost of materials was lesser than 100,000. Cost of Labor will be lesser than 200,000. Total cost will be lesser than 300,000. Total profit will be greater than 500,000 - 300,000 = 200,000 which is certainly greater than 150,000. Therefore, both statements combined, Yes profit will be greater than 150,000.
