-
A merchant buys 25 litres of milk daily at the rate of Rs. 12 per litre. He mixes 5 litres of water in it and sells at the rate Rs. 10.40 per litre. His gain is :
-
- 8% profit
- 2% profit
- 4% profit
- 6% profit
Correct Option: C
As per the given question ,
C.P. of 30 litre mixture of milk and water = Rs. (25 × 12) = Rs. 300
S.P. of 30 litre mixture = Rs. (30 × 10.40) = Rs. 312
Profit = Rs. (312 – 300) = Rs. 12
| ∴ Profit percent = | × 100 | C.P. of 30 litre mixture of milk and water |
| Profit percent = | × 100 = 4% | 300 |
