Question

A milkman makes a profit of 10% on the sale of milk.If we were to add 10% water to milk, what is the percentage increase in profit % assuming water is free of cost

Answer 1

Answer:

Milk=90/100×S.P

If 10/100 is water and 90/100 is milk

Then 9/10milk cost = S.P

Then the profit becomes 11.11111111% Approximately