Read the passage given below and choose the correct options
Ramu, a small farmer in Guntur grows paddy in his small piece of land. He borrowed 5,000 rupees from the money lender for high interest to buy seeds, fertilizers, pesticides. He borrowed money to meet his expenses. At that time, the money lender made Ramu to agree to another condition. He made him promise to sell his paddy to him. Ramu sold his 2 bags (50kgs each ) of paddy to money lender for 2,500 rupees each.
After the harvesting
a.Ramu got profit.
b.Ramu was in loss.
c.Ramu remained constant.
Answers
Answered by
0
Answer:
Of Course , Ramu remained constant .
Explanation:
Because he borrowed a sum of 5000.
And then he gave the lender 2 bags of paddy to him each of cost 2500 . So , 2 bags cost 5000. Therefore , the sum he borrowed is 5000 and the sum he gave back is 5000 .
Hence , he remains constant .
Hope it helps
Similar questions