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Instructions
The graph given below gives the yearly details of money invested in producing a certain product over the years 1991 to 1995. It also gives the profit (in ‘000 rupees).
Question 17
If the interest component is not included in the total cost calculation, which year would show the maximum profit per unit cost?
Solution
Ratio in 1991 = $$\frac{10}{120}$$ = 0.833
Ratio in 1992 = $$\frac{25}{125}$$ = 0.2
Ratio in 1993 = $$\frac{20}{145}$$ = 0.138
Ratio in 1995 = $$\frac{20}{160}$$ = 0.125
1992 has maximum profit per unit cost.
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