Answer:
Explanation:
<u>1. Cost of each liter of yellow paint:</u>
Yellow paint is sold in 5 litre tins and ach tin costs £26, thus the cost of one liter is £26 / 5 liters = £5.2 per liter.
<u>2. Cost of each liter of blue paint:</u>
Blue paint is sold in 10 litre tins and each tin costs £48, thus the cost of one liter of blue paint is £48 / 10 liters = £4.8 per liter
<u>3. Cost of each liter of green paint.</u>
Green paint is made by mixing yellow paint and blue paint in the ratio 2:3
Thus, 5 liters of green paint will cost:
2 liters yellow paint: 2 liter × £5.2 / liter = £10.4
3 liters blue paint: 3 liter × £4.8 / liter = £14.4
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5 liters green paint: 5 liter £24.8
Cost of one liter of gree paint: £24.8 / 5 liter = £4.96 / liter
<u>4. Profit</u>
Price of each liter of green paint: £66.96 / 10 liters = £6.696 / liter = £6.70 / liter
Profit per liter = price per liter - cost per liter = £6.70/liter - £4.96 / liter = £1.74 / liter
Percentage profit = profit per liter / cost per liter × 100
Percentage profit = (£1.74 / liter) / (£4.96/liter) × 100 = 35.08% = 35%
