Question

A bucket contains 1 litre of milk. A milkman removes 10% of the content of the bucket and replaces it with water. The next day the milkman again does the same operation and removes 10%
of the contents of the bucket and replaces it with water. He then sells the one litre of milk to a
customer at the rate of $12 per litre. If the milkman had purchased the milk at $10 per litre what is his profit percentage on his cost price keeping in mind that due to his mixing he was able to save some additional milk?

(A)20%
(B) 48.15%
(C) 50%
(D)55.45%

Answer 1

48.15 percent will be his profit