Math Problem Statement

CP of milk 80/- per litre. But seller sells milk at 70/- per litre with mixing water and got profit 40%. So, ratio of water to milk. (in solution)

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Ratios
Mixture Problems
Algebra

Formulas

Profit percentage formula: (Selling Price - Cost Price) / Cost Price * 100
Mixture cost calculation formula: M * Milk Price = Mixture Cost Price

Theorems

Concept of mixing free and priced goods to alter cost

Suitable Grade Level

Grades 8-10