In what ratio must water be mixed with milk to gain 50/3% on selling the mixture at cost price?
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In what ratio must water be mixed with milk to gain 50/3% on selling the mixture at cost price?
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Answer:
1/6
Step-by-step explanation
Milkman is selling on the CP but earning 50/3% profit means this much % he is adding water.
Milk = 100litre
Water 50/3 litre
Ratio. = 50/300= 1/6