A merchant bought 60 sheep at Rs120 per sheep He sold 40 of them at Rs 150 each Another 10 of the sh...........

Quantitative Aptitude (MTS) Profit and loss

A merchant bought 60 sheep at Rs120 per sheep. He sold 40 of them at Rs 150 each. Another 10 of the sheep died. What should be

the selling price of the remaining sheep, if he wants a total profit of Rs 800?

This questions was previously asked in

SSC MTS 19th July 2022 Shift-1

Rs150

Rs180

Rs250

Rs200

- The merchant bought 60 sheep at Rs 120 each, totaling Rs 7,200.

- He sold 40 sheep at Rs 150 each, earning Rs 6,000.

- 10 sheep died, leaving 10 unsold sheep.

- To achieve a total profit of Rs 800, he needs Rs 8,000 in total revenue (Rs 7,200 cost + Rs 800 profit).

- Currently, he has earned Rs 6,000, so he needs Rs 2,000 more from the 10 remaining sheep.

- Selling price required for each remaining sheep is Rs 200 (Rs 2,000 ÷ 10).

- Option 1: Rs 150

- This would not result in the required total profit.

- Option 2: Rs 180

- Still insufficient for the needed profit.

- Option 3: Rs 250

- This would result in more than the target profit.

- Option 4: Rs 200

- This is the correct selling price to achieve a total profit of Rs 800.

- Option 4: Rs 200 is the correct answer.

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