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Multiple choice

The cost of 80% concentrated milk is Rs. 16/litre. The cost of 60% concentrated milk is Rs. 13/litre. If a person purchases 80% concentrated milk and mixes water (which is free of cost) in it to make it 60% concentrated milk, then by selling this milk, how much profit can he make?

  1. 8.33%

  2. 10%

  3. 16.66%

  4. 20%

  5. 22%

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