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Question
Lalitabai sowed seeds worth Rs 13700 in her field. She had to spend Rs 5300 on fertilizers and spraying pesticides and Rs 7160 on labour. If, on selling her produce, she earned Rs 35400 what was her profit or her loss?
Solution
Cost price of seeds = Rs 13700
Money spent on fertilizers = Rs 5300
Money spent on labour = Rs 7160
Total expenses = Cost of seeds + money spent on fertilizers + labour charges
= 13700 + 5300 + 7160
= Rs 26160
That is, total cost price is Rs 26160.
Selling price of the produce = Rs 35400
Since selling price is more than total cost price, so there is a profit.
Profit = Selling price − total cost price
= 35400 − 26160
= Rs 9240
∴ Lalitabai made a profit of Rs 9240 in this transaction.
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