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Answer with Explanation:

Let C.P. of 1 litre milk be Re. 1.

S.P. of 1 litre of mixture = Re.1, Gain = 50/3 %. 

Therefore,
​C.P. of 1 litre of mixture = (100 x 3/350 x 1) = 6/7 


By the rule of Alligation, we have:

C.P. of 1 litre of water  0    1/7

C.P. of 1 litre of milk  Re.1  6/7

Mean Price  Re.6/7

Therefore,Ratio of water and milk = 1/7 : 6/7 = 1 : 6. 


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