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A person has a chemical of Rs 15 per litre. In what ratio should water be mixed in that chemical so that after selling the mixture at Rs 12/litre he may get a profit of 20%.
1:2
2:1
1:3
3:1
With 20% profit, and SP=12, CP=10 By alligation, 15 0 10 10 5 =>2:1
Hence, option 2 is the correct answer.
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