what is the formula used to check the amount of lpg in a gas station?
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i am an owner of a lpg filling station and i am left with 20% of the product in the bottling tank and i want to know how much money will i get if i sell that 20% from the tank.i want the formula please.I NEED HELP
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Tagged with: how much money • lpg filling station • tank
Filed under: LPG
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How big is the tank? If it’s a 500 gallon tank 20% is 100 gallons. If it’s a 300 gallon tank 20% is 60 gallons. The amount in this 20% depends on the size of the tank. But the amount left in the tank is really not important. Most stores or gas stations or whatever don’t let their inventory run completely out. They wouldn’t have anything to sell until they could get another shipment if they did. How many times have you had this tank refilled? Let’s assume you have the tank filled once a month and you’ve owned the station for 5 years. With a 300 gallon tank you would have filled the tank with 240 gallons each time. Filling it once a month for 5 years is 60 fills for a total of 14,400 gallons. Of this amount, 60 gallons is still in the tank at the end of the final month. It’s not 60 gallons each month as that 60 gallons goes to the next fill. It’s just 60 gallons at the end of the 5 years and 14,400 gallons. And when you sell your station you charge the buyer for the LPG left in the tank as inventory. It’s a wash. Unless you’ve run out of LPG and can’t reach that final 20% it’s not really costing you anything and you won’t make more money by being able to use it.