Math Problem Statement
A dishonest milkman dilutes milk by mixing water in it and then sells the diluted milk at a price of 20% higher than the price at which he purchased the milk. lf he makes an overall profit of 50% in this manner, then how many ml of water does he add to every liter of milk?
Solution
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Math Problem Analysis
Mathematical Concepts
Profit and Loss
Percentage
Ratio and Proportion
Algebra
Formulas
Selling Price = Cost Price × (1 + Profit Percentage)
Selling Price of mixture = (1000 / (1000 + x)) × Selling Price of pure milk
Theorems
Basic Percentage Theorem
Profit and Loss Formula
Suitable Grade Level
Grades 9-10
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