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If 6 kg of fresh fish is dried to get 2 kg of dried fish, and the selling price is ₹70 per kg, how much profit is made if the cost of fresh fish is ₹15 per kg?
- a)₹40
- b)₹50
- c)₹60
- d)₹70
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If 6 kg of fresh fish is dried to get 2 kg of dried fish, and the sell...
Understanding the Cost of Fresh Fish
To calculate the profit from selling dried fish, we first need to determine the cost of the fresh fish used to produce the dried fish.
- Cost of fresh fish:
6 kg of fresh fish is bought at 15 per kg.
Total cost = 6 kg * 15 = 90
Calculating the Revenue from Dried Fish
Next, we calculate the revenue generated from selling the dried fish.
- Weight of dried fish:
After drying, we end up with 2 kg of dried fish.
- Selling price:
The selling price is 70 per kg.
Total revenue = 2 kg * 70 = 140
Calculating the Profit
Profit is determined by subtracting the total cost from the total revenue.
- Profit calculation:
Profit = Total revenue - Total cost
Profit = 140 - 90 = 50
Conclusion
Thus, the profit made from selling the dried fish is 50. Therefore, the correct answer is option 'B'.
To calculate the profit from selling dried fish, we first need to determine the cost of the fresh fish used to produce the dried fish.
- Cost of fresh fish:
6 kg of fresh fish is bought at 15 per kg.
Total cost = 6 kg * 15 = 90
Calculating the Revenue from Dried Fish
Next, we calculate the revenue generated from selling the dried fish.
- Weight of dried fish:
After drying, we end up with 2 kg of dried fish.
- Selling price:
The selling price is 70 per kg.
Total revenue = 2 kg * 70 = 140
Calculating the Profit
Profit is determined by subtracting the total cost from the total revenue.
- Profit calculation:
Profit = Total revenue - Total cost
Profit = 140 - 90 = 50
Conclusion
Thus, the profit made from selling the dried fish is 50. Therefore, the correct answer is option 'B'.
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Community Answer
If 6 kg of fresh fish is dried to get 2 kg of dried fish, and the sell...
Cost of fresh fish: 6 kg × ₹15 = ₹90
Revenue from dried fish: 2 kg × ₹70 = ₹140
Profit: ₹140 − ₹90 = ₹50
Revenue from dried fish: 2 kg × ₹70 = ₹140
Profit: ₹140 − ₹90 = ₹50
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