A merchant bought 60 sheeps at Rs. 120 per sheep. He sold 40 of them at Rs. 150 each. 10 of them died. What would be the selling price of the remaining sheeps if he wants a profit of Rs. 800?
Explanation:
Given , cost of each sheep =rs 120.
Total no of sheep =X=60.
Total cost price =120×60 =rs 7200
Now given ,
Selling of each sheep =rs 150
Total no of sheep y1=40.
Total selling price of y1 =150 ×40=rs 6000.
Also given No of remaining sheep =10
Profit =sp -cp
Given profit =rs 800 now find the total selling price
Total selling =profit +c.p
=800+7200 =80
Let the s.p be y3
Then total sp =y1 +y2 +y3
Here y2=0 {sheep died}
8000=6000+0+y3
Y3=8000-6000=rs 2000
Sp of 10 sheep's be rs 2000
Sp of 1 sheep be rs 2000/10 =rs 200.
Hence, option 2 is the correct answer.
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By: Amit Kumar