A dishonest milkman buys milk at rs.6 per litre and adds one third of water to it and sells the mixture at rs.7.20 per litre. The gain is
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Cost price of 1 litre milk = ₹6
adds one third of water to it
1/3 of 1 litre = 1/3litre = 0.33litre
so the combination of water and milk = 1 + 0.33 litre = 1.33 litre..
the cost of 1.33 litres of milk (mixed with water) = ₹6
then cost of 1 litre will be
(6/1.33)×1= 4.51 = cost price
selling Price =7.20.
Selling Price > Cost price
so profit exists
profit/gain = selling Price - cost price
= 7.20 - 4.51
=2.69
adds one third of water to it
1/3 of 1 litre = 1/3litre = 0.33litre
so the combination of water and milk = 1 + 0.33 litre = 1.33 litre..
the cost of 1.33 litres of milk (mixed with water) = ₹6
then cost of 1 litre will be
(6/1.33)×1= 4.51 = cost price
selling Price =7.20.
Selling Price > Cost price
so profit exists
profit/gain = selling Price - cost price
= 7.20 - 4.51
=2.69
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