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.

Answer 1

(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.