Q.11 A cement company earns a profit of Rs. 8 per bag of white cement sola and a loss of Rs. 5 per bag of grey cement sold. (a) 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? (b) What is the number of white cement bags it must sell to have neither profit nor loss, if the number of grey bags sold is 6,400 bags.
Answer:
The total loss of the cement company is equal to Rs. 1,000.
Explanation:
The profit earned by a cement company by selling white cement = Rs. 8 per bag.
The number of bags of white cement sold is equal to 3,000 bags
The total profit earned by selling the given number of bags = 3000 x 8 = 24000/-
The loss by a cement company by selling grey cement = Rs. 5 per bag
The number of bags of grey cement sold is equal to 5,000 bags.
The total loss by selling the given number of bags is,
= 5000 x 5 = 25000/-
Therefore, The total loss is greater than total profit earned.
25,000 > 24,000
Thus, loss occurs.
The total loss of the cement company = Total loss by selling the given number of bags – Total profit earned by selling the given number bags.
Substituting the corresponding values, we get
Total loss = 25000 – 24000 = 1000
Thus, the total loss of the cement company is equal to Rs. 1,000