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A dishonest milkman buys milk at Rs. 20 per litre and adds 1/3 of water to it and sells the mixture at Rs. 24 per litre. What is his gain?1). 25 percent 2). 60 percent3). 37.5 percent4). 66.67 percent |
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Answer» Let the milkman buy X litre of milk at 20 per ltr ⇒ Cost Price = 20x ⇒ ADDS 1/3 of water to it so quantity = x + (x/3) = 4x/3 ⇒ Selling Price = 24 × (4x/3) = (96x/3) ⇒ Gain % = (SP - CP) × (100/CP) ⇒ Gain % = {(96x/3) - 20x} × (100/20x) ⇒ Gain % = (3600x)/60x ∴ Gain % = 60% |
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