A milk seller has a milk of Rs.100/- per litre. In what ratio should water be mixed in that milk, so that after selling the mixture at Rs.80/- per litre, he may get a profit of 50%? 7:8/7:9/9:7/7:5
My attempt: To get 50% profit, selling price should be Rs.150/- per litre (only milk). But we are selling at Rs.80/- per litre (milk+water). So, maybe water is 70% (150-80), and milk is 80%. Even answer is 7:8. But I am not feeling confident of this solution. It's appearing fuzzy. (and even non-sensical)
The seller needs to turn every litre of pure milk into $\frac{150}{80}$ litres of diluted milk.
A litre bought for $100$ RS would give back $\frac{150}{80}\cdot80=150$ RS, hence $50\%$ profit.
Ratio of $7:8$ means that you take $1$ litre of pure milk, and add $\frac78$ litres of water.
The result is $1+\frac78=\frac{15}{8}$ litres of diluted milk.