Question

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
number of rice bags sold is 2400 bags?​

Answer 1

Answer: i) He will earn a profit of rupees 1600

ii) He will have to sell 1600 bags of wheat to balance it

Step-by-step explanation:

i) no of wheat bags sold = 1500

no of rice bags sold = 2050

total money earned

rice = 2050 x 8 = -16400(loss)

wheat = 1500 x 12 = 18000 (profit)

therefore total profit = 18000 - 16400 = 1600