The total cost or amount that Tiger Biscuits will pay will be Rs 16000.
How to calculate the cost?
From the information given, the factory is planing to produce 10,000 units and the standard time per 200 units is 8 hours.
The time taken to produce 10000 units will be:
= (10000/200) × 8
= 400 hours.
The amount that the company will pay will be:
= 400 × Rs 40
= Rs 16000
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