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A jeweller made a piece of uniquely desi...

A jeweller made a piece of uniquely designed diamond necklace and the selling price was fixed at Rs 10,00.000. In 4 making this piece on the raw material, the jeweller had invested Rs 3,00,000 and had paid a labour charge of Rs 2,00,000. If 20% of the raw material cost was of gold, what is the actual amount the jeweller had spent in procuring the gold?

A

Rs 1,60,000

B

Rs 1,08,000

C

Rs 3,60,000

D

Rs 60,000

Text Solution

AI Generated Solution

The correct Answer is:
To find the actual amount the jeweller spent in procuring the gold, we can follow these steps: ### Step 1: Identify the total cost of raw materials The jeweller invested Rs 3,00,000 in raw materials. ### Step 2: Calculate the percentage of raw material that is gold According to the problem, 20% of the raw material cost is gold. ### Step 3: Calculate the cost of gold To find the actual amount spent on gold, we can calculate 20% of the total raw material cost. \[ \text{Cost of Gold} = 20\% \text{ of } \text{Total Raw Material Cost} \] Substituting the values: \[ \text{Cost of Gold} = 0.20 \times 3,00,000 \] ### Step 4: Perform the calculation Now, we perform the multiplication: \[ \text{Cost of Gold} = 0.20 \times 3,00,000 = 60,000 \] ### Final Answer The actual amount the jeweller had spent in procuring the gold is Rs 60,000. ---
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