Question

A trader buys a sack of rice for 6,000 and sells it at 200 per basin. What is the estimated profit on a sack of rice?

A) 10,000
B) 12,000
C) 20,000
D) 40,000

Answer 1

Without the number of basins that make up a sack of rice, it is impossible to calculate the trader's exact profit from selling a sack.

Step-by-step explanation:

To calculate the estimated profit a trader makes from selling a sack of rice, we need to know the number of basins that make up one sack and the selling price per basin. However, since we are not provided with the number of basins per sack, we cannot definitively calculate the profit. If we assume that the trader can fill 'n' basins from a sack, the total revenue from selling the entire sack would be 200 * n. The profit would then be calculated as (200 * n) - 6,000. Without the value of 'n', we cannot select a definite answer from the options provided (A) 10,000, (B) 12,000, (C) 20,000, (D) 40,000.