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
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