A cement company earns a profit of Rs. 8 per bag of white cement sold and a loss of Rs. 5 per bag of grey cement sold. if the company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss?
Answer
268.5k+ views
Hint: To solve the question, we have to calculate the total loss caused by selling grey cement and total profit earned by selling white cement by using the given information.
Complete step-by-step answer:
As per the given information, we have
The profit earned by a cement company by selling white cement = Rs.8 per bag.
The number of bags of white cement sold is equal to 3000 bags.
The total profit earned by selling the given number of bags\[=3000\times 8=24,000\] rupees.
The loss by a cement company by selling grey cement = Rs.5 per bag.
The number of bags of white cement sold is equal to 5000 bags.
Therefore, the total loss by selling the given number of bags is,
\[=5000\times 5=25,000\] rupees
Total loss is greater than total profit earned.
25,000 > 24,000
Thus, loss occurs.
The total loss of the cement company = Total loss by selling the given number of bags - Total profit earned by selling the given number of bags.
Substituting the corresponding values, we get
Total loss = 25,000 – 24,000 = 1000
Thus, the total loss of the cement company is equal to Rs.1000.
Note: The possibility of mistake is to calculate loss without calculating the total cost using the number of bags of white and grey cement. The point to remember is loss is negative value and when total loss is greater than total profit then it is the case of loss for the cement company.
Complete step-by-step answer:
As per the given information, we have
The profit earned by a cement company by selling white cement = Rs.8 per bag.
The number of bags of white cement sold is equal to 3000 bags.
The total profit earned by selling the given number of bags\[=3000\times 8=24,000\] rupees.
The loss by a cement company by selling grey cement = Rs.5 per bag.
The number of bags of white cement sold is equal to 5000 bags.
Therefore, the total loss by selling the given number of bags is,
\[=5000\times 5=25,000\] rupees
Total loss is greater than total profit earned.

25,000 > 24,000
Thus, loss occurs.
The total loss of the cement company = Total loss by selling the given number of bags - Total profit earned by selling the given number of bags.
Substituting the corresponding values, we get
Total loss = 25,000 – 24,000 = 1000
Thus, the total loss of the cement company is equal to Rs.1000.
Note: The possibility of mistake is to calculate loss without calculating the total cost using the number of bags of white and grey cement. The point to remember is loss is negative value and when total loss is greater than total profit then it is the case of loss for the cement company.
Last updated date: 27th Sep 2023
•
Total views: 268.5k
•
Views today: 4.68k
Recently Updated Pages
What do you mean by public facilities

Slogan on Noise Pollution

Paragraph on Friendship

Disadvantages of Advertising

Prepare a Pocket Guide on First Aid for your School

What is the Full Form of ILO, UNICEF and UNESCO

Trending doubts
How do you solve x2 11x + 28 0 using the quadratic class 10 maths CBSE

Fill the blanks with the suitable prepositions 1 The class 9 english CBSE

Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE

Difference Between Plant Cell and Animal Cell

Why are resources distributed unequally over the e class 7 social science CBSE

Differentiate between homogeneous and heterogeneous class 12 chemistry CBSE

Give 10 examples for herbs , shrubs , climbers , creepers

Briefly mention the contribution of TH Morgan in g class 12 biology CBSE

What is the past tense of read class 10 english CBSE
