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?
Last updated date: 20th Mar 2023
•
Total views: 210.9k
•
Views today: 5.89k
Answer
210.9k+ 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.
Recently Updated Pages
If abc are pthqth and rth terms of a GP then left fraccb class 11 maths JEE_Main

If the pthqth and rth term of a GP are abc respectively class 11 maths JEE_Main

If abcdare any four consecutive coefficients of any class 11 maths JEE_Main

If A1A2 are the two AMs between two numbers a and b class 11 maths JEE_Main

If pthqthrth and sth terms of an AP be in GP then p class 11 maths JEE_Main

One root of the equation cos x x + frac12 0 lies in class 11 maths JEE_Main

Trending doubts
What was the capital of Kanishka A Mathura B Purushapura class 7 social studies CBSE

Difference Between Plant Cell and Animal Cell

Write an application to the principal requesting five class 10 english CBSE

Ray optics is valid when characteristic dimensions class 12 physics CBSE

Give 10 examples for herbs , shrubs , climbers , creepers

Tropic of Cancer passes through how many states? Name them.

Write the 6 fundamental rights of India and explain in detail

Write a letter to the principal requesting him to grant class 10 english CBSE

Name the Largest and the Smallest Cell in the Human Body ?
