A factory earns a profit of 8 per pack of pencils sold and a loss of 5 per pack of pens sold. (a) The factory sells 3,000 packs of pencils and 5,000 packs of pens in a month. What is its profit or loss? (b) what is the number of packs of pencils it must sell to have neither profitnor loss if 6,400 packs of pens are sold?
Answers
Solution:
Profit on each pencil pack = 8
No. of pencil pack sold = 3000
Total profit earned = 24000
Loss on each pen sold = 5
No. of pen packs sold = 5000
Total loss on Pens = 25000
a) The total loss on the sale = 25000-24000
∴ There is Loss = 1000
b) No. of pens pack sold = 6400
Total Loss on Pens = 6400x5
Loss on Pens = 32000
( so for no loss no gain Profit = Loss)
Total Profit should be = 32000
Profit on each pack of pencil = 8
No. of pencil packs sold = 32000/8
∴ No. of pencil packs sold = 4000
Hence a)There isa overall Loss = 1000
b) No. of pencil packs sold = 4000
Solution:
Profit on each pencil pack = 8
No. of pencil pack sold = 3000
Total profit earned = 24000
Loss on each pen sold = 5
No. of pen packs sold = 5000
Total loss on Pens = 25000
a) The total loss on the sale = 25000-24000
∴ There is Loss = 1000
b) No. of pens pack sold = 6400
Total Loss on Pens = 6400x5
Loss on Pens = 32000
( so for no loss no gain Profit = Loss)
Total Profit should be = 32000
Profit on each pack of pencil = 8
No. of pencil packs sold = 32000/8
∴ No. of pencil packs sold = 4000
Hence a)There isa overall Loss = 1000
b) No. of pencil packs sold = 4000