Question

A merchant on selling rice earns a profit of `10 per
bag of basmati rice sold and a loss of `5 per bag of
non-basmati rice.
(i) He sells 3,000 bags of basmati rice and 5,000
bags of non-basmati rice in a month. What is his
profit or loss in a month?
(ii) What is the number of basmati rice bags he must sell to have neither profit nor loss, if
the number of bags of non-basmati rice sold is 6,400

Answer 1

Answer:

Step-by-step explanation:

Our question is: A merchant on selling rice earns a profit of `10 per

bag of basmati rice sold and a loss of `5 per bag of

non-basmati rice.

(i) He sells 3,000 bags of basmati rice and 5,000

bags of non-basmati rice in a month. What is his

profit or loss in a month?

(ii) What is the number of basmati rice bags he must sell to have neither profit nor loss, if

the number of bags of non-basmati rice sold is 6,400.

Question 1)

    We have that he sells 3000 bags of basmati rice and 5000 bags of non-basmati rice in a month. Regarding the initial information we know that he makes a profit of 10 per basmati rice bag and a loss of 5 per non-basmati rice bag.

Hence we have 3000 * 10 = 30000 of profit and 5000 * 5 = 25000 of loss.

We can conclude that in a month he gets 30000 - 25000 = 5000 profit.

Question 2)

    Let x be the number of bags of basmati rice

We have that 10x = 6,400*5 , 10x = 32,000 , x = 32,000/10 = 3200.

Hence we conclude that he must sell 3200 bags of basmati rice in order to not having neither profit nor loss.

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