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CAT 2017 Quantitative Ability

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Question : 1

Total: 34

A milkman purchases 10 litres of milk at Rs. 7 per litre and forms a mixture by adding freely available water which constitutes 16.66% of the mixture. Later on he replaced the mixture by some freely available water and thus the ratio of milk is to water is 2 : 1. He then sold the new mixture at cost price of milk and replaced amount of mixture at twice the cost of milk then what is the profit percentage?

68%
34%
40%
None of these

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