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A milk vendor mixes water with milk and sells the mixture at the same price per liter as if it were undiluted milk. The selling price per liter of the mixture is the vendor's cost per liter of the milk plus a markup of \(\mathrm{x}\%\). The water costs the vendor nothing. If the vendor gets a \(50\%\) profit on the sale of the mixture, what is the value of x ?
Let's break down this profit puzzle step by step.
What we need to find: The value of x (the markup percentage on milk cost)
Given information:
The key insight: The vendor has two sources of profit:
These two profit sources must combine to yield exactly \(50\%\) total profit. Once we know how much profit comes from dilution, we can determine how much must come from markup - and this will uniquely determine x.
What "sufficient" means here: We can determine the exact value of x.
What Statement 1 tells us: When the vendor uses only half the intended water amount and sells at cost price (no markup), the profit is \(10\%\).
Let's think through this logically:
Now here's the crucial insight: Since we need \(50\%\) total profit and dilution provides \(20\%\), the markup must provide exactly \(30\%\) additional profit.
To visualize this: If milk costs \(\$100\) per liter, a \(30\%\) profit contribution means the markup must result in selling at \(\$130\), which requires \(x = 30\).
[STOP - Sufficient!]
Conclusion: There's only one markup percentage that contributes exactly \(30\%\) to the profit equation. Statement 1 is sufficient.
This eliminates choices B, C, and E.
Now let's forget Statement 1 completely and analyze Statement 2 independently.
What Statement 2 provides: The milk concentration in the mixture is \(\frac{5}{6}\) (meaning water is \(\frac{1}{6}\)).
Let's reason through this:
Again, we arrive at the same critical point: dilution provides \(20\%\) profit, so markup must provide \(30\%\) to reach the required \(50\%\) total.
[STOP - Sufficient!]
Conclusion: This uniquely determines x. Statement 2 is sufficient.
This eliminates choices A, C, and E.
Both statements independently lead us to the same conclusion - the dilution provides \(20\%\) profit, so the markup must provide exactly \(30\%\) profit. This uniquely determines the value of x.
Answer Choice D: "Each statement alone is sufficient."