Question
A dairy owner buys 20 liters of milk at Rs. 50 per liter.
While selling, he uses a faulty measure that shows 1020 milliliters instead of 1000 milliliters but claims to sell it at a profit of 10%. Find the total profit earned by him from selling the milk bought by him.Solution
ATQ,
Cost price of 20 liters of milk = 50×20 = Rs.1000
Quantity of milk sold = 1.02×20 = 20.4 liters
Selling price of 20 liters of milk sold = (1.10×50)×20.4 = Rs.1122
Required profit = 1122−1000 = Rs.122
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