A cement company earns a profit of 8 per bag of white cement sold and a loss of 5 per bag of grey ce...

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 3000 bags of white cement and 5000 bags of grey cement in a month What is its profit or loss

Accepted Answer

We denote profit in positive integer and loss in negative integer,

From the question,

Cement company earns a profit on selling 1 bag of white cement = ₹ 8 per bag

Then,

Cement company earns a profit on selling 3000 bags of white cement = 3000 × ₹ 8

= ₹ 24000

Loss on selling 1 bag of grey cement = – ₹ 5 per bag

Then,

Loss on selling 5000 bags of grey cement = 5000 × – ₹ 5

= – ₹ 25000

Total loss or profit earned by the cement company = profit + loss

= 24000 + (-25000)

= – ₹1000

Thus, a loss of ₹ 1000 will be incurred by the company.

NCERT Solutions Class 7 Mathematics Solutions for Exercise 1.3 in Chapter 1 - Integers