In what ratio must water be mixed with milk to gain 40% by selling the mixture at cost price?
1:8
2:5
None of these
2:9
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Given : water be mixed with milk to gain 40% by selling the mixture at cost price
To Find : In what ratio must water be mixed with milk
Solution:
Let say water = w liter
milk = m liter
Cost price per liter = c
Cost price = mc
Gain = 40%
Sell price = mc + (40/100)mc
= 1.4mc
Selling price per liter = c
Total mixture = 1.4mc/c = 1.4m
m + w = 1.4m
=> w = 0.4m
=> 10w = 4m
=> 5w = 2m
=> w/m = 2/5
=> w : m = 2: 5
2:5 is the correct answer
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