A dealer buys milk at the rate of Rs. 36 per litre and water at the rate of Rs. 20 per litre. He mixes the two in the ratio of 3 ∶ 1 and sells the mixture at the rate of Rs. 36 per litre. What profit percent does he earn?

1
10%
2
12.5%
3
15%
4
20%

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