A merchant bought 60 sheep at rs 120 per sheep. he sold 40 of them at rs 150 . 10 of sheep died . what should be the s.p of the remaining sheep if he wants a profit of rs 800
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total cost of all sheeps= 60×120=7200
desired sp = cp+ desired profit
=7200+800=8000
sp of 40 sheep=40×150=6000
so the merchant has to sell the remaining 10 sheep for total amount of 8000-6000=2000
so cost of 10 sheeps= 2000
cost of 1 sheep=2000/10=200
thus,sp of each sheep should be 200 per sheep
desired sp = cp+ desired profit
=7200+800=8000
sp of 40 sheep=40×150=6000
so the merchant has to sell the remaining 10 sheep for total amount of 8000-6000=2000
so cost of 10 sheeps= 2000
cost of 1 sheep=2000/10=200
thus,sp of each sheep should be 200 per sheep
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