Question

A grain wholesaler earns a profit of 12 Rs per bag of wheat sold and a loss of 8 Rs per bag of rice sold.

(a) If he sells 1500 bags of wheat and 2050 bags of rice in a month, what is his profit or loss?

(b) What is the number of wheat bags he must sell to have neither profit nor loss, if the number of rice bags sold is 2400 bags?

Answer 1

(a)

total profit = 1500*12 = 18000

total loss = 2050*8 = 16400

as profit is more than the loss

he gets a profit of = 18000 - 16400 = 1600 Rs

(b)

let number of wheat bags be x

x * 12 is the total profit

2400 * 8 is the total loss

given porfit = loss

12 *x = 2400*8

12*x = 19200

x = 19200 / 12

x = 1600

he must sell 1600 bags of wheat