A milkman bought 50 liters of milk for 2000. 5 liters of milk spoiled. At what rate per liter should he sell the remaining milk to make a profit of 20% on his total outlay?
Show answer & explanation
Correct answer: A
Explanation
Total cost = ₹2000
Selling price = 2000 + 20% of 2000
= 2000 + 400 = ₹2400
Remaining milk = 50 – 5 = 45 liters
Selling price per liter = 2400 ÷ 45 = 53.33