A milk merchant buys 50 litres of milk at the rate of rs. 40 per litre and mixes 5 litres of wate in it. If he sells this mixture at the rate of rs. 42 per litre, then what is the profit per cent for the dealer?
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Answer:
Step-by-step explanation:
Total input cost = 50 * 40 = Rs.2000
Total revenue earned = (50+5) * 42 =Rs. 2310
Profit = Rs.2310 - Rs.2000
=Rs. 310
Profit % = (310/2000) * 100
=15.5%
Hope it helps :-)
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