A farmer sold 100kg wheat grains at 10kg to a miller .miller converted 100kg of wheat grains into 100kg flour and sold it at 12kg. find out the value of prodution by the miller?
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Basically, miller earns on the difference of prices for wheat and flour.
The price of wheat :
1kg = 10
100Kg =?
100 × 10 = 1000
The price of flour :
1 Kg = 12
100 Kgs =?
100 × 12 = 1200
The difference in price :
1200 - 1000 = 200
The value of production is thus :
200
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