Math Problem Statement

A wholesaler cheats a retailer while selling rice to him by 10% (he gives 10% less rice for the same price). Ther

retailer keeps the price the same as the wholesaler but cheats his customers by 20% while selling it. What is the

percentage profit of the retailer?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Profit Calculation
Fractions

Formulas

Cost per kg = 100P / 90 = 10P / 9
Selling price per kg = 100P / 80 = 5P / 4
Profit per kg = (5P / 4) - (10P / 9)
Percentage profit = (Profit per kg / Cost per kg) * 100

Theorems

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Suitable Grade Level

Grades 10-12