In what ratio should water and wine be mixed so that after selling the mixture at the cost price a profit of 33.33% is made?  Choose the correct choice from the following options:
A) 9:3
B) 2:1
C) 1:3
D) 2:3
E) 2:5
33.33% profit means there is one part water and 3 part is pure wine. so the required ratio of water and wine in the mixture is 1:3   Answer: Option 1:3
<result>C</result>
In what ratio should water and wine be mixed so that after selling the mixture at the cost price a profit of 33.33% is made?