Miller's value added = 700 - 500 = Rs 200. Baker's value added = 1000 - 700 = Rs 300. Total value added by miller and baker = 200 + 300 = Rs 500.
CUET UG 2022 — Economics Macro
If a farmer sells wheat to miller for Rs. 500 and miller sells flour to baker for Rs. 700 and baker sells bread to the consumer for Rs. 1000, then total value added by miller and baker is:
Verified 13 Jul 2026.
Rs 500
Rs 550
Rs 800
Rs 1,200
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