a milkman purchases the milk at rs. x per litre and sells it at rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. what is the profit percentage?
Profit percentage = 166 2/3% (i.e. 166.66%).
Step-by-step explanation
Let the cost price of pure milk be xxx rupees per litre.
-
He buys 6 litres of pure milk.
- Cost price of 6 litres of milk
=6x=6x=6x rupees.
- Cost price of 6 litres of milk
-
He mixes 2 litres of water with these 6 litres.
- Water is assumed to be free , so its cost is 000.
So, total quantity of mixture
=6+2=8=6+2=8=6+2=8 litres. He sells the mixture at Rs. 2x2x2x per litre.
- Selling price of 8 litres
=8×2x=16x=8\times 2x=16x=8×2x=16x rupees.
Now compute profit:
-
Profit
=SP−CP=16x−6x=10x=\text{SP}-\text{CP}=16x-6x=10x=SP−CP=16x−6x=10x. -
Profit percentage
Profit %=ProfitCP×100=10x6x×100=106×100=53×100=16623%.\text{Profit %}=\frac{\text{Profit}}{\text{CP}}\times 100 =\frac{10x}{6x}\times 100 =\frac{10}{6}\times 100 =\frac{5}{3}\times 100 =166\frac{2}{3}%.Profit %=CPProfit×100=6x10x×100=610×100=35×100=16632%.
Final answer
The milkman’s profit percentage is
16623% (i.e. 166.66%)\boxed{166\frac{2}{3}%\text{ (i.e. }166.66%\text{)}}16632% (i.e. 166.66%)