The total cost for manufacturing a machine is $30,000. The cost of labour is 30% of the
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The total cost for manufacturing a machine is $30,000. The cost of labour is 30% of the total cost. If the cost of labour increased by 5%, calculate the following:
a. The amount by which the total cost increased.
b. The new cost of the machine.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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