Question

A cement company earns a profit of ₹ $8$ per bag of white cement sold and a loss of ₹ $5$ per bag of grey cement sold. 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 1

Step 1: Find the profit earn by the company

Profit gained while selling $1$ bag of white cement$=₹8$

Profit gained while selling $3000$ bags of white cement

$$\begin{gathered} =8\times 3000 \\ =₹24000 \end{gathered}$$

Step 2: Find the loss suffered by the company

The loss suffered while selling $1$ bag of grey cement$=₹5$

The loss suffered while selling $5000$ bags of grey cement

$$\begin{gathered} =5\times 5000 \\ =₹25000 \end{gathered}$$

Step 3: Find the net profit or loss

We indicate profit in positive integer and loss in negative integer.

Total profit or loss gained$=\mathrm{Profit}+\mathrm{Loss}$

$$\begin{gathered} =24000+(-25000) \\ =-1000 \end{gathered}$$

Since the loss suffered by the company is greater that the profit gain.

Therefore, a loss of $₹1000$ will be suffered by the company.