Math Problem Statement

A shopkeeper cheats to the extent of 10% while buying as well as selling,by using false weighs,his total gain?

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Percentage
Successive Percentage Gain
Compounding Effect

Formulas

Successive Percentage Gain: Total Gain = (1 + percentage1) * (1 + percentage2) - 1
Percentage Gain Formula: (1 + 0.1) * (1 + 0.1) = 1.21

Theorems

Compounded Percentage Theorem

Suitable Grade Level

Grades 8-10