Bunuel wrote:
On the first day, a person mixed juice concentrate with freely available water in the ratio 1:3. On the second day, he mixed the same in the ratio 1:4 and sold the drink at the same price as the first day. If on day 1, the profit on his investment on juice concentrate was 60%, what was that value on day 2?
A. 100%
B. 75%
C. 68%
D. 60%
E. 48%
Happy New Year Armenia, Azerbaijan, Georgia, Mauritius, Oman, Scattered islands in the Indian Ocean, Seychelles and United Arab Emirates!Dec 31 Event: GMAT Club Around The World!(38 new questions posted every hour time zone on Dec 31!) Day1:
Ratio of juice to water on the first day = 1:3
Let the juice be x so water will be 3x total quantity = 4x
Let x litres was sold at 100
So, 4x litres will be sold at 400
He made a profit of 60% on mixture
Let the cost of x litres of juices be = y.
y(1.6) = 400 |60% profit
y = 250
Day2:
Ratio of juice to water = 1:4
total quantity = 5x
SP for 5x = 500
His investment cost = same 250
Profit = 250
Profit% = 250/250*100 = 100%
A