A milkman bought 70 litres of milk for Rs. 630 and added 5 litres of water. If sells it at Rs. 9.00 per litres, his profit percentage is = ?
A. $$8\frac{1}{5}$$%
B. 7%
C. $$8\frac{2}{5}$$%
D. $$7\frac{1}{7}$$%
Answer: Option D
Solution(By Examveda Team)
According to the question,Cost price of 70 litres of milk = Rs. 630
Added 5 litres of water
Now, the solution becomes = 75 litres
Cost price of water = Rs. 0
∴ Selling price of 1 litre milk = Rs. 9
Selling price of 75 litres milk = 9 × 75 = Rs. 675
Profit = Selling price - Cost price
= 675 - 630
= 45
$$\eqalign{ & {\text{Profit}} = \frac{{\operatorname{Profit} }}{{{\text{Cost price}}}} \times 100 \cr & = \frac{{45}}{{630}} \times 100 \cr & = \frac{{50}}{7} \cr & = 7\frac{1}{7}\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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