Source: Previous Question Papers

A merchant bought 300 sacks of wheat at Rs. 2500 per quintal. Due to heavy rains, 70 sacks of grains were destroyed. He sold the remaining sacks at the rate of Rs. 2700 per quintal. How much profit or loss did he make in this transaction?

Options

Option A

Rs. 60000 profit

Option B is correct

Rs. 129000 loss

Option C

Rs. 175000 loss

Option D

Rs. 46000 profit