x = amount (in L) of 0.04% solution
y = amount (in L) of 0.2% solution
x + y = 1
Each liter of p% salt solution contributes 0.01*p L of salt to the mixture. In the new solution, the lab tech wants to end up with a concentration of 0.12%, which comes out to 0.0012 * (1 L) = 0.0012 L of salt:
0.0004x + 0.002y = 0.0012
Solve for y in the first equation:
y = 1 - x
Substitute this into the other equation and solve for x, then y:
0.0004x + 0.002(1 - x) = 0.0012
0.0008 = 0.0016x
x = 0.5 L
y = 1 - 0.5 = 0.5 L