Suppose that the farmer is growing rice crop. If he bought 5 kg seeds at Rs. 100 per kilogram, then how much net money will he get after selling 1000 kg of rice grains in the market at Rs.40 per kilogram?
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Answer:
he will get 40,00,000by selling 1000kg of rice
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Amount of seeds bought = 5kgs.
Rate = ₹100/kg
Therefore, Amount paid = ₹100 × 5
= ₹500.
Amount of rice grains produced = 1000kg.
Rate = ₹40/kg
Therefore, gross amount earned = ₹40,000.
Net money earned = ₹40,000 - ₹500
= ₹35,000.
Answer: He earned a net amount of ₹35,000
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