Question

A man bought 20 sheep at 20,000 per sheep. He got 40kg wool from them which he sold at 200 per kg. He sold the sheep at 22,000 each. What was his overall profit in percent

Answer 1

           A man bought,

           Cost of one sheep=Rs.20000

          Therefore, cost of 20 sheep(C.P)=Rs.(20000*20)

                                                                 =Rs.400000

            The man sold,

            Cost of wool per kg=Rs.200

            Therefore,cost of 40 kg wool=Rs.(200*40)

                                                             =Rs.8000

             Cost of one sheep=Rs.22000

             Therefore,cost of 20 sheep=Rs.(22000*20)

                                                           =Rs.440000

              Therefore,Selling Price(S.P)=Rs.(8000+440000)

                                                            =Rs.448000

               We know,

               Profit=S.P-C.P

                        =Rs.(448000-400000)

                        =Rs.48000

               

               Profit%=  $\frac{48000}{400000}$*100

                           =12%