Question

9. A grain wholesaler earns a profit of? 12 per bag of wheat sold and a loss of 8 per bag of
rice sold.

i. If he sells 1500 bags of wheat and 2050 bags of rice in a month, what is his profit or loss?
ii. What is the number of wheat bags he must sell to have neither profit nor loss, if the num
of rice bags sold is 2400 bags?​

Answer 1

Answer:

1600

Explanation:

I) profit = 1500×12 = 18000

loss = 2050×8 = 16400

here final profit = 18000-16400 = 1600

ii) loss = 2400×8 = 19200

hence profit must also be 19200

therefore, 19200/12 = 1600

he need to sell 1600 bags of wheat to have neither profit nor liss