A grain wholesaler earns a profit of ₹12 per bag of wheat sold and a loss of ₹8 per bag of rice sold
(¡) he sells 1500 bags of wheat and 2050 bags of rice in a month. what is his profit or loss in ?
(¡¡) what is the number of wheat bags he must sell to have neither profit nor loss,if the number of rice bags sold is 2400 bags?
Answers
Answered by
122
Answer:
(i) loss :
2050 * 8
= ₹16400 loss
profit :
1500 * 12
= ₹18000 profit
net result :
profit of ₹1600
(ii) loss :
2400 * 8
= ₹19200 loss
desired result : profit = loss
therefore required profit = ₹19200
19200/12
= 1600 bags of wheat need to be sold in order to nullify the net profit or loss
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Answered by
13
The cost of wheat = 1500 × 12
= 18000
The cost of rice = 2050 × 8
= 16400
profit or loss = 18000 + (-16400)
the profit of = 16400
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