A milkman purchases milk at the rate of Rs. 12 per litre and then mixes 25 per cent water to it. Find his profit per cent, if he sells the mixture at Rs. 15 per litre.
Let x litres of
milk be bought.
Cost price of x litres of milk =Rs12x
Quantity of milk after 25 % of water is
added =x+25100x=5x4 litres
Given,
Selling price of 1 litre of milk =Rs15
=> Selling price of 5x4
litres =Rs5x4×15=Rs75x4
Now, Profit % =S.P.−C.P.C.P.×100=75x4−12x12x×100=75−4848×100=56.25 %