Knowee
Questions
Features
Study Tools

A milk vendor sells milk. The price at which he sells each litre is 20% more than the cost price. He also adds 2 litres of water to every 5 litres of milk. Find his overall profit percentage.

Question

A milk vendor sells milk. The price at which he sells each litre is 20% more than the cost price. He also adds 2 litres of water to every 5 litres of milk. Find his overall profit percentage.

🧐 Not the exact question you are looking for?Go ask a question

Solution

Step 1: Let's assume the cost price of 1 litre of milk is $1.

Step 2: The selling price of 1 litre of milk is 20% more than the cost price. So, the selling price of 1 litre of milk is $1.20.

Step 3: The vendor adds 2 litres of water for every 5 litres of milk. So, for every 5 litres of milk, he gets 7 litres of mixture (5 litres of milk + 2 litres of water).

Step 4: The cost price of 7 litres of mixture is the cost price of 5 litres of milk, which is $5.

Step 5: The selling price of 7 litres of mixture is the selling price of 5 litres of milk, which is 6(because1litreofmilksellsfor6 (because 1 litre of milk sells for 1.20, so 5 litres sell for $6).

Step 6: The profit is the selling price minus the cost price, which is 66 - 5 = $1.

Step 7: The profit percentage is (Profit/Cost price) * 100, which is (1/1/5) * 100 = 20%.

So, the milk vendor's overall profit percentage is 20%.

This problem has been solved

Similar Questions

A shopkeeper has 80 litres of milk. He makes a profit of 25% by selling 1 litre of milk at Rs.15. How much water should he mix in the milk so as to increase his profit to 30% if he plans to sell the milk-water mixture at Rs. 15 per litre??

A man bought 124 litres of milk. He added some water which was freely available. He sold each litre of the mixture at 12% less than the price (per litre) at which he bought the milk. He made a 10% profit in the sale. How many litres of water did he add?

The manager at a dairy farm has five similar cans of 50 litres capacity - A, B, C, D and E - full of mixtures of milk and water. The ratio of milk and water in each can is different. It is known that the cost price of pure milk is Rs. 25 and water is free of cost. When he sells the entire contents of can E at Rs. 1,250, the manager earns a profit of 25%. Can C contains 20 litres more of milk than water. If the manager sells the mixture in can B at the cost price of milk, he earns a profit of 100%. The cost price of the mixture in can D is Rs. 800. The water content in can A is as much less than can B as it is more than can C.Q 115.   If equal quantities of mixtures from cans A and B are mixed in a new vessel, then what is the percentage of milk in the new mixture?a)  40%b)  50%c)  55%d)  48%

A milkman starts with a 100 liter can of pure milk from his dairy and he sells 10 liters of it to the first customer, then he adds 10 liters of water. After this, he sells 10 liters each to two customers and adds 20 liters of water. After this, he sells 10 liters each to three customers and adds 30 liters of water. Thus, every time he dilutes the mixture he sells it to one more customer than before and he keeps on replacing the mixture sold with water. In this way how many customers get at least 50% milk in the mixture that they purchase from this milkman

If the cost price of an item is $840, the mark up is 15% and the discount is 10%, then find the profit percent. Ops: A. 6.2% B. 7% C. 3.5% D. 4.8% Q 05. The ratio of water and oil in a mixture of 72 litres is 11 : 13 . How many litres of water must be added to the mixture to make the ratio 5 : 4? Ops: A. 22.75 litres B. 19.56 litres C. 15.75 litres D. 14.89 litres

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.