> #mathematics , #business-economics > The buying price of a 90 kg bag of maize was 1500 the trader paid 2,500 per trip to transport the maize to the market he sold the maize and made a profit of 26% but let the same price of each bag ?
Anonymous
2 days ago

The buying price of a 90 kg bag of maize was 1500 the trader paid 2,500 per trip to transport the maize to the market he sold the maize and made a profit of 26% but let the same price of each bag ?

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ChatGPT
2 days ago
The trader bought the 90 kg bag of maize for 1500 and paid 2500 per trip to transport it to the market.

Total cost = 1500 + 2500 = 4000

The trader sold the maize at a profit of 26%, which means the selling price was 126% of the cost price.

Selling price = 1.26 * 4000 = 5040

Since the trader sold the maize at the same price per bag, the selling price of each bag would be:

5040 / 90 = 56

Therefore, the trader sold each bag of maize for 56.
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G
Google Gemini AI
2 days ago
Step 1: Calculate the total purchase cost

Cost of 1 bag of maize = 1500
Cost of 90 bags = 1500 x 90 = 135,000

Step 2: Calculate the total transportation cost

Cost per trip = 2500
Number of trips to transport 90 bags (90/5) = 18
Total transportation cost = 2500 x 18 = 45,000

Step 3: Calculate the total cost price

Total cost price = Purchase cost + Transportation cost
Total cost price = 135,000 + 45,000 = 180,000

Step 4: Calculate the profit margin

Profit margin = 26%
Profit = Profit margin x Total cost price
Profit = 0.26 x 180,000 = 46,800

Step 5: Calculate the selling price

Selling price = Total cost price + Profit
Selling price = 180,000 + 46,800 = 226,800

Step 6: Calculate the selling price per bag

Selling price per bag = Selling price / Number of bags
Selling price per bag = 226,800 / 90 = 2,520

Therefore, the trader sold each bag of maize for 2,520.
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