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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 is

Correct Answer: 4% profit

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Math MCQ: 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 is | Extra Education