in what ratio should a vendor mix water with milk to gain 6 1/2% on selling the mixture at cost price
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Answer:
Detailed Solution
We want to sell the mixture at cost price and still gain 25%. ∴ The required answer is 1 : 4.
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Given,
Gain After Mixing Water and selling at Cost Price is giving a profit of 6.5%.
To Find,
The ratio for mixing water
Solution,
Let's say the Cost price = Rs. per liter
Total Liters of Milk =
Let's say he mixes liters of water
Thus total milk =
Total income from selling =
since gain is 6.5%
Required ratio is
Henceforth the answer is
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