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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.
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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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