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Question
Jhansi - I found that for 6000 kg fish we would need 1500 kg salt every month! Its price is Rs 2 per kg.
Monthly costs:
a) Salt 1500 x 2 = Rs ______
b) Packing and bus charges = Rs 3000
So the total monthly cost of drying and selling the fish = Rs ______
Fazila - That sounds very good! Our calculations tell us that every month our Bank will earn Rs 44,000!
Check to see if you also get the same answer.
Solution
(a) Monthly cost of salt = 1500 × 2 = Rs 3,000
(b) Cost of 1 kg of fresh fish = Rs 15 Cost of 6000 kg of fresh fish = Rs 15 × 6000 = Rs 90,000
Total cost = Cost of fresh fish + Cost of packaging and bus charges + Cost of salt
= Rs 90000 + Rs 3000 + Rs 3000
= Rs 96,000
Now, the weight of dried fish is one-third of the weight of fresh fish. So, the weight of dried fish
= 6000 kg ÷ 3
= 2000 kg
Selling price of dried fish = Rs 70 Money earned by selling 2000 kg of fish
= Rs 70 × 2000
= Rs 1,40,000
Cost of drying and selling the fish = Money earned by selling the fish – Total cost
= Rs 140000 − Rs 96000
= Rs 44,000
I also got the same answer.
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