3. In what
ratio must water to be mixed with milk to gain 20% by selling the mixture at
cost price?
Solution: Let the
C.P of milk be Re 1 per liter
Then
S.P of 1 liter of mixture = Re.1
Gain
obtained =20%.
Therefore
C.P of 1 liter mixture = Rs(100/120*1) =5/6
C.P
of 1 liter of water 0 C.P of 1 liter of milk1
Mean Price 5/6
1/6 5/6
Ratio
of water and milk =1/6 : 5/6 = 1:5.