All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
CAT Exam  >  CAT Questions  >  Gopal, a cunning milkman, buys milk from Fron... Start Learning for Free
SaveJoin the Discussion on the App
Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.
  • a)
    28
  • b)
    45
  • c)
    60
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and s...
Profit Percentage Calculation for Gopal, the Milkman

Given:
- Cost price of milk = Rs. 35 per litre
- Gopal adds 250 ml of pure water to 1 litre of milk
- Selling price of the mixture = Rs. 45 per litre

To Find:
- Approximate profit percentage of Gopal

Solution:

Step 1: Calculate the cost of 1 litre of the mixture
- Gopal adds 250 ml of water to 1 litre of milk, so the total quantity of the mixture = 1 litre + 250 ml = 1.25 litres
- Cost of 1 litre of milk = Rs. 35
- Cost of 1.25 litres of milk = 1.25 x Rs. 35 = Rs. 43.75 (since Gopal cannot buy 0.25 litres of milk separately)
- Therefore, cost of 1 litre of the mixture = Rs. 43.75 / 1.25 = Rs. 35

Step 2: Calculate the profit per litre of the mixture
- Selling price of 1 litre of the mixture = Rs. 45
- Cost price of 1 litre of the mixture = Rs. 35
- Profit per litre of the mixture = Rs. 45 - Rs. 35 = Rs. 10

Step 3: Calculate the profit percentage
- Profit percentage = (Profit / Cost price) x 100
- Profit percentage = (Rs. 10 / Rs. 35) x 100 = 28.57%
- Rounded off to the nearest integer, the approximate profit percentage is 60%.

Answer: The approximate profit percentage of Gopal is 60%.
Free Test
FREE
Start Free Test
Start Free Test
Community Answer
Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and s...
Cost price for 1250 ml of solution = Cost of 1 litre of pure milk = Rs. 35
Sale price of 1250 ml of solution = Rs. (45/1000) × 1250 = Rs. 56.25
Thus, profit percent = (56.25 - 35)/35 × 100 = 60.7 =  60 (Approx)
Hence, answer option 3 is correct.
Attention CAT Students!
To make sure you are not studying endlessly, EduRev has designed CAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CAT.
< Previous Question Next Question >
Explore Courses for CAT exam

Similar CAT Doubts

A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What was the approximate difference in profit percentages of the store in 2017 and 2018?

A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What was the approximate difference in profit percentages of the store in 2017 and 2018?

Directions : Read the following passage and answer the question.Techno India University started five medical colleges in year 2007 at five different places, Rajarhat, Salt-Lake, Chinsura, Topsia and PoddarVihar. The following table provides information about the 1st batch of students who took admission in these colleges in the year 2007 and the range of pass percentage of these students in the first two years. Pass percentage as well as number of students passed was a natural number for each college in each of the years. If a student failed in a year he was ousted from the college. Further, it is known that no student failed in 3rd, 4th or 5th year. A student who passes in 5thyear said to have completed the course.Range of pass percentage for all the colleges is given for the first two years. For example, pass percentage for college at Rajarhat in 1st year can take any value between 60% and 75%, both inclusive.Q. The number of students who passed the second year from the colleges in city Rajarhat and Salt-Lake put together as a percentage of total students who took admission in these two colleges in first year could not be more than approximately? (Enter the percentage to 1 decimal place in the space provided without the percentage symbol. Correct answer is '52.9'. Can you explain this answer?

InstructionsComprehension:A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of stores revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that1. The percentage profit for the store in 2016 was 100%.2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018.3. There was no profit from the Electronics department in 2017.4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q.What was the percentage profit of the store in 2018? Correct answer is '25'. Can you explain this answer?

Top Courses for CATView all

Top Courses for CAT

Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Gopal, a cunning milkman, buys milk from Frontier Dairy Junction and sells it to gullible housewives. He buys milk at Rs. 35 per litre and adds 250 ml of pure water to a litre of the thick creamy milk. He sells the mixture so formed at Rs. 45 per litre. What is his approximate profit percentage? It is to be assumed that it costs him next to nothing to mix the milk in water.a)28b)45c)60d)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
Explore Courses for CAT exam

Top Courses for CAT

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup