Math Problem Statement
A dishonest sugar merchant, while purchasing goods from the dealer, manages to receive 20% more sugar than the quantity of sugar he is supposed to receive. He later sells the sugar to his customers in such a way that for any customer, 30% of the sugar actually delivered must be added to get the original quantity of sugar asked for by the customer. The merchant sells the sugar to his customers at cost price (i.e., the price demanded by the dealer), but then charges them an additional amount claiming it as his transportation cost. If the additional amount that the merchant charges equals 10% of the cost that he incurred on the sugar that he is actually delivering to them, find his net gain percent. (Assume that the merchant's actual transportation cost is zero),
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Percentage
Cost Price
Profit Calculation
Formulas
-
Theorems
-
Suitable Grade Level
Advanced High School
Related Recommendation
Calculate Trader's Profit Percentage Using Faulty Weights
Profit Percent Calculation for Dishonest Shopkeeper Problem
Total Profit Calculation for a Shopkeeper Cheating by 10% with False Weights
Calculate Sugar Mixture for Profit: ₹3.80 vs ₹4.60 per kg
Calculate Shopkeeper's Profit Percentage with Faulty Scales