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In what proportion water must be added to spirit to gain 20% by selling it at the cost price ?
Let the C.P of spirit be = Rs.10 per litre
Then S.P l litre of the mixture = Rs. 11
Profit = 20%
Therefore, C.P of the mixture = Rs. [100/120×10] = Rs. 25/3 per litre
Therefore, Ratio of water and spirit = 1 : 5
Hence, option 1 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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