At a shirt-making factory,the cost of materials per shirt was $2.00 and the labour per shirt was $3.00.The factory sold the shirt for $12.00.What was the surplus value of each shirt?

Question

Quizplus · Accepted Answer

The cost price of each shirt (materials + labor) is $5.00. 
The selling price of each shirt is $12.00. 
Therefore, the surplus value of each shirt is $7.00 ($12.00 - $5.00 = $7.00). 
Hence, the best choice is C.

At a Shirt-Making Factory,the Cost of Materials Per Shirt Was