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A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.?
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A milkman adds 100 ml to every 1 litre of milk. He claims to make a pr...
Calculation of Actual Gain Percentage
1. Initial Situation
- The milkman adds 100 ml of water to every 1 litre of milk.
- He claims to make a profit of 25%.
2. Calculation
- Let's assume the cost price of 1 litre of milk is Rs. x.
- The milkman adds 100 ml of water, so the total quantity becomes 1.1 litres.
- According to the claim, he sells this 1.1 litres of mixture at a profit of 25%.
3. Profit Calculation
- Selling price = Cost price + Profit
- Selling price = x + 0.25x = 1.25x (25% profit on cost price)
4. Actual Gain Percentage Calculation
- The milkman is actually selling 1 litre of milk and 100 ml of water.
- So, his actual cost price for 1 litre of milk = x
- Selling price of 1 litre of milk = 1.25x
- Actual profit = Selling price - Cost price = 1.25x - x = 0.25x
- Actual profit percentage = (Actual profit / Cost price) * 100
= (0.25x / x) * 100
= 25%
5. Conclusion
- The milkman's actual gain percentage is 25%, which is the same as the claimed profit percentage.
- Therefore, the milkman is not making any extra profit by adding water to the milk.
1. Initial Situation
- The milkman adds 100 ml of water to every 1 litre of milk.
- He claims to make a profit of 25%.
2. Calculation
- Let's assume the cost price of 1 litre of milk is Rs. x.
- The milkman adds 100 ml of water, so the total quantity becomes 1.1 litres.
- According to the claim, he sells this 1.1 litres of mixture at a profit of 25%.
3. Profit Calculation
- Selling price = Cost price + Profit
- Selling price = x + 0.25x = 1.25x (25% profit on cost price)
4. Actual Gain Percentage Calculation
- The milkman is actually selling 1 litre of milk and 100 ml of water.
- So, his actual cost price for 1 litre of milk = x
- Selling price of 1 litre of milk = 1.25x
- Actual profit = Selling price - Cost price = 1.25x - x = 0.25x
- Actual profit percentage = (Actual profit / Cost price) * 100
= (0.25x / x) * 100
= 25%
5. Conclusion
- The milkman's actual gain percentage is 25%, which is the same as the claimed profit percentage.
- Therefore, the milkman is not making any extra profit by adding water to the milk.
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A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.?
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A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.? 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 adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.?.
A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.? 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 adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A milkman adds 100 ml to every 1 litre of milk. He claims to make a profit of 25%. Find his actual gain percentage.?.
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