If he sells 1500 bags of wheat and 2050 bags of rice in a month, what is his profit or loss?
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Step-by-step explanation:
(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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