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A milk trader buys 50 liters of milk at the rate of Rs. 40 per liter and mixes 10 liters of water (water is free) in it. If he sells this mixture at the rate of Rs. 50 per litre, then what is the profit percentage?1. 50 percent2. 33.33 percent3. 60 percent4. 40 percent |
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Answer» Correct Answer - Option 1 : 50 percent Given: Cost price(CP) of milk = Rs. 40 per litre Total quantity of milk purchased = 50 litre Water added to the milk = 10 litre Selling price(CP) of milk = Rs. 50 per litre Formula used: Profit = SP - CP Profit% = (Profit/CP) × 100 Calculation: Total CP = 40 × 50 = 2000 Total SP = 50 × 60 = 3000 Profit = 3000 - 2000 = 1000 Profit% = (1000/2000) × 100 = 50 ∴ Profit = 50% |
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