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| Question : (2) Steel manufacturing requires the use of iron ore,power and manpower.The cost of iron ore has followed the All Item index.During 1993-94 power accounted for 30% of the selling price of steel,iron ore for 25%,and wages for 10% of the selling price of steel.Assuming the cost and price data for cement as given in the previous question,the operating profit(% of selling price)of an average steel manufacturer in 2002-03. | |
| A | A. is more than that of a cement manufacturer |
| B | B. is less than that of a cement manufacturer |
| C | C. is the same as that of a cement manufacturer |
| D | D. cannot be determined |
| Answer:D | |
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Wednesday, 4 May 2011
(2) Steel manufacturing requires the use of iron ore,power and manpower.The cost of iron ore has fo
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