Question

A farmer spent Rs 15,520 in his field to grow crops. He sells all his crops for Rs 12,750. He made a __________ (profit/loss) of _________. *​

Answer 1

Answer:

Therefore the farmer made a loss of Rs.2770.

Step-by-step explanation:

As per the data provided in the given question.

The given data is as follows,

A farmer spent Rs 15,520 i.e. cost price (CP)

He sells all his crops for Rs 12,750 i.e. selling price (SP)

We have to find a loss of a farmer.

Here we will be using the formula of loss as below.

$Loss=CP-SP$

Now we will substitute the value of CP and SP in the above formula.

$=15520-12750$

Now we will subtract the above value.

Further, we get

$=Rs.2770$

Therefore the farmer made a loss of Rs.2770.

Answer 2

Answer:

∴ A farmer made a loss of Rs. $2770$.        

Step-by-step explanation:

• In context with question asked,
• We have to find how much loss or profit made by a farmer.
• It is given that, total money spent by a farmer in his field = Rs. $15520$

                  Selling price of crops = Rs. $12750$

• Here, selling price of crops is less than the money spent by a farmer on growing this crops.
• So, in this case, a farmer has made loss.
• The formula for loss is given by,

     Loss = Money spent on growing crops - selling price of crops

             = $15520-12750$

             = Rs. $2770$

• ∴ A farmer made a loss of Rs. $2770$.