Question

Suppose that the farmer is growing rice crop. If he bought 5 kg seeds at Rs. 100 per kilogram, then how much net money will he get after selling 1000 kg of rice grains in the market at Rs.40 per kilogram?

Answer 1

Answer:

The net money the farmer will get

= Rs. 39,500

Explanation:

The farmer bought 5 kg seeds of rice at Rs. 100 per kg.

Cost price = 5 × 100 = Rs. 500

And he plants them and harvests 1000 kg of rice grains for sale, which he sells for Rs. 40 per kg

Selling price = 1000 × 40 = Rs. 40,000

The farmer's net profit

= (Selling Price) - (Cost Price) = 40,000 - 500 = Rs. 39,500

Hope this Helps!!!