# 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 3,000 bags of white cement and 5,000 bags of grey cement in a month. What is its profit or loss?

Answer

Verified

381k+ views

Hint: Here we go through by finding the total profit that is gained by selling the white cement bag at the profit of Rs.8 per bag and then subtract the total loss by selling the grey cement bag at the loss of Rs.5 per bag to find it is in loss or in profit.

Complete step-by-step answer:

Here in the question it is given that a cement company earns a profit of Rs.8 per bag on white cement.

So for finding the total profit on 3000 bags multiply it by Rs.8.

i.e. the total profit on white cement bag$ = Rs.8 \times 3000 = Rs.24000$

And now in the question it is given that a cement company sold on a loss of Rs.5 per bag of grey cement.

So for finding the total loss on 5000 bags multiply it by Rs.5.

i.e. the total loss on white cement bag$ = Rs.5 \times 5000 = Rs.25000$

Now for finding the overall loss or gain we subtract the total loss from the total profit.

i.e. Rs.24000-Rs.25000=-Rs.1000 Here the result comes out negative so we can say that there is an overall loss of Rs.1000 on a cement company.

$\therefore $Loss=Rs.1000.

Note: Whenever we face such type of a question the key concept for solving the question is, first find out the total profit earn by the salesman on selling the product and then find out the total loss by selling the other products then always subtract the total loss from the total profit if the answer comes out is positive then we can say there is an overall profit if the answer comes out negative then we say there is an overall loss.

Complete step-by-step answer:

Here in the question it is given that a cement company earns a profit of Rs.8 per bag on white cement.

So for finding the total profit on 3000 bags multiply it by Rs.8.

i.e. the total profit on white cement bag$ = Rs.8 \times 3000 = Rs.24000$

And now in the question it is given that a cement company sold on a loss of Rs.5 per bag of grey cement.

So for finding the total loss on 5000 bags multiply it by Rs.5.

i.e. the total loss on white cement bag$ = Rs.5 \times 5000 = Rs.25000$

Now for finding the overall loss or gain we subtract the total loss from the total profit.

i.e. Rs.24000-Rs.25000=-Rs.1000 Here the result comes out negative so we can say that there is an overall loss of Rs.1000 on a cement company.

$\therefore $Loss=Rs.1000.

Note: Whenever we face such type of a question the key concept for solving the question is, first find out the total profit earn by the salesman on selling the product and then find out the total loss by selling the other products then always subtract the total loss from the total profit if the answer comes out is positive then we can say there is an overall profit if the answer comes out negative then we say there is an overall loss.

Recently Updated Pages

Define absolute refractive index of a medium

Find out what do the algal bloom and redtides sign class 10 biology CBSE

Prove that the function fleft x right xn is continuous class 12 maths CBSE

Find the values of other five trigonometric functions class 10 maths CBSE

Find the values of other five trigonometric ratios class 10 maths CBSE

Find the values of other five trigonometric functions class 10 maths CBSE

Trending doubts

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

Difference Between Plant Cell and Animal Cell

Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE

Change the following sentences into negative and interrogative class 10 english CBSE

What is pollution? How many types of pollution? Define it

Give 10 examples for herbs , shrubs , climbers , creepers

Which planet is known as the red planet aMercury bMars class 6 social science CBSE

Which state has the longest coastline in India A Tamil class 10 social science CBSE

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