wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Lalitabai sowed seeds worth Rs 13700 in her field. She had to spend Rs 5300 on fertilizers and spraying pesticides and Rs 7160 on labour. If, on selling her produce, she earned Rs 35400 what was her profit or her loss?

Open in App
Solution


Cost price of seeds = Rs 13700
Money spent on fertilizers = Rs 5300
Money spent on labour = Rs 7160
Total expenses = Cost of seeds + money spent on fertilizers + labour charges
= 13700 + 5300 + 7160
= Rs 26160
That is, total cost price is Rs 26160.
Selling price of the produce = Rs 35400
Since selling price is more than total cost price, so there is a profit.
Profit = Selling price − total cost price
= 35400 − 26160
= Rs 9240
∴ Lalitabai made a profit of Rs 9240 in this transaction.

flag
Suggest Corrections
thumbs-up
71
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Let’s Solve the Puzzle
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon