Math Problem Statement
A dishonest shopkeeper uses two different scales while buying and selling the goods. Both the scales are faulty. While buying he uses a scale that shows 900 gm per kg of the goods bought. Similarly while selling, he uses a scale that shows 1100 gm per kg of the goods sold. What is his profit percent, if he claims to sell the goods at cost price?
Solution
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Math Problem Analysis
Mathematical Concepts
Fractions
Percentage
Profit and Loss
Formulas
Profit Percentage Formula: Profit Percentage = (Profit / Cost Price) * 100
Theorems
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Suitable Grade Level
Grades 7-9
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