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A company has drawn a contract for the purchase of paper at a price of 1 0 perkg of paper containing 5 % moisture by
A company has drawn a contract for the purchase of paper at a price of perkg
of paper containing moisture by weight and to adjust the price if the moisture
content varies, so that the price of bone dry paper is constant. Also if the moisture
content exceeds the additional freight charge incurred due to the excess moisture
will be deducted from the total cost. The freight charge is per of paper. Calculate
the following:
a The total amount to be paid for of paper containing moisture
b The total amount to be paid for of paper containing moisture.
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