The company sells 3,000 bags of white cement and 5,000 bags of grey cement in a month.

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

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