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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. (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?

8. 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.

(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?

Answers (1)
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Given,

Profit earned by selling 1 bag of white cement = Rs.\ 8

Profit earned by selling 3000 bags of white cement= Rs.\ (3000\times8) = Rs.\ 24000

Loss on 1 bag of grey cement = -Rs.\ 5

Loss of 5000 bags of grey cement = -Rs.\( 5000\times5) = -Rs.\ 25000

Total earnings = Rs.\ 24000 -Rs.\ 25000 = -Rs.\ 1000

This means that the company incurred a loss of Rs.\ 1000 

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