A milkman mixes 25% water to milk and
sells the mixture at a mark-up of 10%. What
is the overall profit %?
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Answer:
80:20
Step-by-step explanation:
25% of CP = 20% of SP
So CP/SP =20/25 or 4/5
Which means he is mixing water at the rate of 4:1
ie 80:20
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