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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. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss?
- a)Rs 1000 Loss
- b)Rs 1200 Loss
- c)Rs 1000 Profit
- d)Rs 1200 Profit
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A cement company earns a profit of Rs8 per bag of white cement sold an...
Profit on one white cement bag = Rs. 8
Loss on one grey cement bag = - Rs. 5 [Loss is considered to be negative]
Profit on 3,000 bags of white cement = 3,000 × Rs. 8 = Rs. 24,000
Loss on 5,000 bags of white cement = - 5,000 × Rs. 5 = - Rs. 25,000
Since the loss amount is greater than the profit amount,
Total loss = - Rs. 25,000 + Rs. 24,000 = - Rs. 1,000
i.e. the total loss amount is Rs.1000.
Most Upvoted Answer
A cement company earns a profit of Rs8 per bag of white cement sold an...
Profit/Loss Calculation for Cement Company
Given information:
Profit earned per bag of white cement sold = Rs 8
Loss incurred per bag of grey cement sold = Rs 5
Number of bags of white cement sold = 3000
Number of bags of grey cement sold = 500
Calculation of Total Profit/Loss:
Total profit earned from white cement = 8 x 3000 = Rs 24,000
Total loss incurred from grey cement = 5 x 500 = Rs 2,500
Total profit/loss = Total profit - Total loss
= 24,000 - 2,500
= Rs 21,500
Interpretation of Result:
The cement company has earned a total profit of Rs 21,500. However, the question asks for the profit or loss of the company. Since the loss incurred from grey cement is greater than the profit earned from white cement, the company has incurred a loss. Therefore, the correct answer is option A) Rs 1000 Loss.
Given information:
Profit earned per bag of white cement sold = Rs 8
Loss incurred per bag of grey cement sold = Rs 5
Number of bags of white cement sold = 3000
Number of bags of grey cement sold = 500
Calculation of Total Profit/Loss:
Total profit earned from white cement = 8 x 3000 = Rs 24,000
Total loss incurred from grey cement = 5 x 500 = Rs 2,500
Total profit/loss = Total profit - Total loss
= 24,000 - 2,500
= Rs 21,500
Interpretation of Result:
The cement company has earned a total profit of Rs 21,500. However, the question asks for the profit or loss of the company. Since the loss incurred from grey cement is greater than the profit earned from white cement, the company has incurred a loss. Therefore, the correct answer is option A) Rs 1000 Loss.
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A cement company earns a profit of Rs8 per bag of white cement sold an...
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A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer?
Question Description
A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer?.
A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer?.
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A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A cement company earns a profit of Rs8 per bag of white cement sold and a loss of Rs 5 per bag of grey cement sold. The company sells 3000 bags of white cement and 5000 bags of grey cement in a month. What is its profit or loss? a)Rs 1000 Lossb)Rs 1200 Lossc)Rs 1000 Profitd)Rs 1200 ProfitCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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