A merchant buys 25 litres of milk daily at the rate of Rs.12 per litre. He mixes 5 litres of water in it and sells at the rate Rs.10.40 per litre. His gain/loss is:

A merchant buys 25 litres of milk daily at the rate of Rs.12 per litre

1.	A merchant buys 25 litres of milk daily at the rate of Rs.12 per litre. He mixes 5 litres of water in it and sells at the rate Rs.10.40 per litre. His gain/loss is:
A.	8% profit
B.	2% profit
C.	4% profit
D.	6% profit
Answer» D. 6% profit

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A merchant buys 25 litres of milk daily at the rate of Rs.12 per litre. He mixes 5 litres of water in it and sells at the rate Rs.10.40 per litre. His gain/loss is:

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