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A man’s income from interest and wages is Rs. 500. He doubles his investment and also gets an increase of 50% in wages and his income increases to Rs. 800. What was his original income separately in terms of interest (I) and wages (w)?
A man’s income from interest and wages is Rs. 500. He doubles his investment and also gets an increase of 50% in wages and his income increases to Rs. 800. What was his original income separately in terms of interest (I) and wages (w)?
Solution
Previous article: A commodity is product by using 3 units of labor and 2 units of capital. The total cost comes to 62. If the commodity is produced by using 4 units labor and 1 unit of capital, the cost comes to 56.
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