In what proportion must water be added to spirit to gain 20% by selling it at the cost price?
Options:
A .  2:5
B .  1:5
C .  3:5
D .  4:5
Answer: Option B
Let the C.P be Re.1 per liter S.P of 1 litre of mix =Re 1, Gain = 20% C.P of 1 litre mix =Rs(100/120 x 1) =Re(5/6) Ratio of water and spirit = 1/6 =5/6 = 1 : 5.
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