Subjects algebra

Maize Profit Cf28E7

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1. **State the problem:** Hashim bought maize for 70000 and spent 20500 to convert it into maize flour. He obtained 3 bags of maize flour, each weighing 25 kg. We need to find the actual profit and the selling price of the three bags to achieve that profit. 2. **Formula for profit:** $$\text{Profit} = \text{Revenue} - \text{Expenses}$$ 3. **Calculate total expenses:** Total expenses include the cost of maize and conversion expenses: $$70000 + 20500 = 90500$$ 4. **Calculate actual profit:** Since profit is revenue minus expenses, and revenue here is the selling price of the 3 bags, let the selling price be $S$. Profit = $S - 90500$ 5. **Given profit from the problem statement:** The problem states profit as: $$70000 - 20500 = 49500$$ This seems to be a misunderstanding; the actual profit should be revenue minus total expenses. 6. **Find selling price $S$ to make the actual profit of 49500:** Set profit equal to 49500: $$S - 90500 = 49500$$ $$S = 49500 + 90500 = 140000$$ 7. **Selling price per bag:** There are 3 bags, so price per bag is: $$\frac{140000}{3} \approx 46666.67$$ **Final answers:** - Actual profit = 49500 - Selling price for 3 bags = 140000 - Selling price per bag = approximately 46666.67