A milkman purchases milk at the rate of Rs 12 per litre and then mixes 25% water to it. Find his profit %, if he sells the mixture at Rs 15 per litre.
Given that milk was purchased at the rate of Rs.12 per litre.
Let the number of litres of milk purchased be x.
So, CP=Rs.12x
Given 25% water is mixed to the milk.
Hence the quantity of milk after mixing water
=x+x4=5x4 litres
Hence, SP of 5x4 of mil
k =15×5x4
=Rs.18.75x
It can be seen that SP>CP, so it is a profit.
Profit=18.75x−12x=Rs.6.75x
So, profit%=(ProfitCP)×100=(6.75x12x)×100
=56.25%