Q. The price of raw materials has gone up by 15%, labor cost has also increased from 25% of the cost of raw material to 30% of the cost of raw material. By how much percentage should there be reduction in the usage of raw materials so as to keep the cost same?

  • (A) 28%
  • (B) 17%
  • (C) 27%
  • (D) 24%
βœ… Correct Answer: (B) 17%

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