A man bought 20 sheep at 20,000 per sheep. He got 40kg wool from them which he sold at 200 per kg. He sold the sheep at 22,000 each. What was his overall profit in percent
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A man bought,
Cost of one sheep=Rs.20000
Therefore, cost of 20 sheep(C.P)=Rs.(20000*20)
=Rs.400000
The man sold,
Cost of wool per kg=Rs.200
Therefore,cost of 40 kg wool=Rs.(200*40)
=Rs.8000
Cost of one sheep=Rs.22000
Therefore,cost of 20 sheep=Rs.(22000*20)
=Rs.440000
Therefore,Selling Price(S.P)=Rs.(8000+440000)
=Rs.448000
We know,
Profit=S.P-C.P
=Rs.(448000-400000)
=Rs.48000
Profit%=
*100
=12%