Peter makes a large amount of pink paint by mixing red and white paint in the ratio 2:3. Red paint costs £40 per 5 litres. White paint costs £5 per 10 litres. Peter sells his pink paint in 10-litre tins for £60 per tin. Calculate how much profit he makes for each tin he sells.
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Each 10-litre tin of pink paint contains 4 litres of red paint (cost: 40 * 4/5 = 32) and 6 litres of white paint: (cost: 5 * 6/10 = 3), so the total cost is 32 + 3 = 35. Profit on each tin is therefore 60 - 35 = 25.