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A milkman mixes 2 litres of water for every 6 litres of milk. The cost price of 1 litre of milk is Rs. 80. He marks up the price of the milk by 20% and gives a discount of 10% to the customers. Find the net profit percentage of the milkman.(Assume the cost of water to be negligible)
Given the milkman mixes 2 litres of water for every 6 litres of milk.
As the cost of water is negligible, the cost price of 8 litres of mixture is 6*80 = Rs. 480.
And the cost price of 1 litre of mixture is $$\frac{480}{8}=60$$.
Now he marks up the cost price of milk by 20% i.e.
So, the marked price of 1 litre of milk is $$80\times\left(1+\frac{20}{100}\right)=96$$
And he gives a discount of 10%,
So the selling price of 1 litre of milk is $$96\times\left(1-\dfrac{10}{100}\right)=86.4$$
Hence, the profit percentage is $$\frac{86.4-60}{60}=\frac{26.4}{60}=44\%$$
Hence, the answer is 44%.
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