Q 1 John bought 4500 kg of fresh fish at the rate of Rs 50 per kg and spent Rs 8000 for salt and transport. After one month he sold the dry fish at the rate of Rs 200 per kg. Find his gain or loss. (Note – 3 kg of fish gives 1 kg of dry fish)
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Step-by-step explanation:
Total fish=4500 kg
rate=50rs./kg
total cost=4500*50
=2,25,000rs.
other expenses=8000 on salt and transport
total cost =2,25,000+8,000
= 2,33,000rs.
After 1 month:-
3kg of fresh fish=1 kg of dry fish
4,500 kg= 4,500
----------
3
total weight of dry fish=1500 kg
rate =200rs./ kg
total cost=1500*200
=3,00,000 rs.
As selling price is more than cost price thus John has done profit of (3,00,000-2,33,000) 67,000.
profit %= profit
----------*100
c.p.
profit =22.33%
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