Question

Aman purchased 10 cats for Rs.5000 each. 1 cat dies and he sold 2 cats at 5% loss. At what rate he should sell the remaining cats so as to earn a profit 0f 10% on the total cost?
(a) Rs.5000 (b) Rs.5500
(c) Rs.6500 (d) Rs.6000

Answer 1

Rs.5500 is the answer according to me because according to the question, Aman wants to sell his remaining cats at that cost where he gets a total profit of 10% on the total cost of the cats i.e Rs.5000 . So 10% of the total cost i.e Rs.5000 will be Rs.500 . And when it is added to the total cost it becomes Rs5500 .

Answer 2

aman purchased 10 cats=10*5000=50000.

1 cat died so it becomes=50000-5000=45000.

2 cats sold for loss of 5%, hence it sold for 9500.

aman should get a profit of 10% i.e he have to sell for 55,000.

55000-9500=45500.

he has to sell remaining 7 cats (10-1-2) for 45500/7=65000.

so the answer is (d) rs.65000.