If a man buys 1 lt of milk for Rs.12 and mixes it with 20% water and sells it for Rs.15, then what is the percentage of gain? can you plz explain the steps?!
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CASE 1: He sells whole of the 1.2L for Rs 15
He makes a profit of 15-12 = Rs. 3 total with the Cost Price of Rs. 12 . Hence profit% is 3/12*100 = 25% profit.
CASE 2: He sells the mixture at for Rs 15 per Litre
His total revenue is 15*1.2 = Rs. 18 Hence Profit=18-12= Rs.6 . Hence Profit%= 6/12*100=50% Profit.
He makes a profit of 15-12 = Rs. 3 total with the Cost Price of Rs. 12 . Hence profit% is 3/12*100 = 25% profit.
CASE 2: He sells the mixture at for Rs 15 per Litre
His total revenue is 15*1.2 = Rs. 18 Hence Profit=18-12= Rs.6 . Hence Profit%= 6/12*100=50% Profit.
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