Practicing Success
A dishonest shopkeeper buys milk at Rs 24/liter and adds \(\frac{1}{3}\) of water and sells it at Rs 32/liter. What is his gain? |
33.33% 50% 77.78% 66.67% |
77.78% |
\(\frac{1}{3}\) → (where 1 → Mixed Water and 3 → Purchased quantuty) Purchase Quantity + Water = Total 3 + 1 = 4 ↓ ↓ ×24 (Rs./ltr) ×32 (Rs./ltr) ↓ ↓ CP → 72 128 ← SP Profit → \(\frac{128 - 72}{72}\) = \(\frac{56}{72}\) × 100 = 77.78% |