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

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Math Problem Analysis

Mathematical Concepts

Percentage
Cost Price
Profit Calculation

Formulas

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Theorems

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Suitable Grade Level

Advanced High School