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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 ? |
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Answer» Profit on white cement = Rs +8 Loss on grey cement = Rs -5 ∴ Profit on 1 bag of white cement = Rs 8 Profit on 3,000 bags of white cement = Rs 8 × 3000 = Rs 24,000 Loss on 1 bag cement = Rs -5 Loss on 5000 bags grey cement = Rs -5 × 5000 = Rs -25000 Total profit / loss = Total profit + Total loss = 24000 + (-2500) = 24000 – 25000 ∴ Total loss = -1000 |
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