AAPL wrote:Two liquids are mixed in the ratio 3:2 and the vendor gains 10% by selling the mixture at $11/liter. If the first liquid costs $2 more than the second, find the cost price of first liquid.
A. $8
B. $10.8
C. $6
D. $8.8
E. $4
Since the selling price of $11 per liter represents a profit of 10%, the cost per liter = $10.
The cost of the first liquid is $2 more than the cost of the second liquid.
For the average cost per liter to be $10, the cost of the first liquid must be MORE THAN $10, while the cost of the second liquid must be LESS THAN $10.
Thus, the correct answer -- which represents the price of the first liquid -- must be more than $10.
The correct answer is
B.
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