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A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?
- a)Rs. 20
- b)Rs. 15
- c)Rs. 10
- d)Rs. 25
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A milkman sells milk at the rate of Rs 50 per liter. The milk sold co...
Milk contains 25% water and 75% milk.
Therefore, 1 liter milk contains only 750 ml of milk.
Cost of 750 ml milk = 40 * (750/1000) = 40 * 3/4 = Rs. 30
Since, 750 ml of milk is diluted to one liter and sold at the rate of Rs. 50 per liter.
Selling price of 1 Liter milk = Rs. 50.
Profit per liter = Rs. 50 - Rs. 30 = Rs. 20.
Most Upvoted Answer
A milkman sells milk at the rate of Rs 50 per liter. The milk sold co...
Profit Calculation for Milkman
Given that:
- Selling price of milk = Rs 50 per liter
- Milk sold contains 25% water
- Cost of milk = Rs 40 per liter
To calculate the profit made by the milkman, we need to first calculate the cost of the milk after removing the water content. This can be done using the following formula:
- Cost of milk without water = Cost of milk / (100% - percentage of water)
- Cost of milk without water = Rs 40 / (100% - 25%)
- Cost of milk without water = Rs 40 / 0.75
- Cost of milk without water = Rs 53.33 per liter
Now, we can calculate the profit per liter made by the milkman using the following formula:
- Profit per liter = Selling price per liter - Cost per liter
- Profit per liter = Rs 50 - Rs 53.33
- Profit per liter = -Rs 3.33
Here, we get a negative profit per liter, which means that the milkman is actually making a loss on each liter of milk sold. This is because the cost of the milk without water is higher than the selling price of the milk.
Therefore, the correct answer to the question is none of the given options.
Given that:
- Selling price of milk = Rs 50 per liter
- Milk sold contains 25% water
- Cost of milk = Rs 40 per liter
To calculate the profit made by the milkman, we need to first calculate the cost of the milk after removing the water content. This can be done using the following formula:
- Cost of milk without water = Cost of milk / (100% - percentage of water)
- Cost of milk without water = Rs 40 / (100% - 25%)
- Cost of milk without water = Rs 40 / 0.75
- Cost of milk without water = Rs 53.33 per liter
Now, we can calculate the profit per liter made by the milkman using the following formula:
- Profit per liter = Selling price per liter - Cost per liter
- Profit per liter = Rs 50 - Rs 53.33
- Profit per liter = -Rs 3.33
Here, we get a negative profit per liter, which means that the milkman is actually making a loss on each liter of milk sold. This is because the cost of the milk without water is higher than the selling price of the milk.
Therefore, the correct answer to the question is none of the given options.
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A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer?
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A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer?.
A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer?.
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A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A milkman sells milk at the rate of Rs 50 per liter. The milk sold contains 25% water. Assuming that the cost of the milk is Rs. 40 per liter, what is the profit per liter made by the milkman?a) Rs. 20b) Rs. 15c) Rs. 10d) Rs. 25Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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