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
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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
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