Question

A man buys milk at 60 p per litre, adds one-third of water to it and sells the mixture at 72 p per litre.The profit percentage is

Answer 1

20% profit he will get by selling it

Answer 2

The profit percentage is 60%.

Step-by-step explanation:

Consider the provided information.

Let the man buys 90 liter of milk and the cost is 60 p per litre.

The amount invest is: 90×60=5400 p

He adds one-third of water to it and sells the mixture at 72 p per litre.

$90+\frac{1}{3}\times90=120$

Therefore now he has 120 liter of mixture and he sells the mixture at 72 p per litre.

The amount he earn is: 120×72=8640 p

Now calculate the profit percentage as shown:

$Profit\%=\dfrac{SP-CP}{CP}\times100$

$Profit\%=\dfrac{8640-5400}{5400}\times100$

$Profit\%=\dfrac{3240}{5400}\times100$

$Profit\%=60\%$

Hence, the profit percentage is 60%.

#Learn more

Find the profit percentage SP = ₹8250 profit = ₹750 CP = ? , Profit% =?

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