Recently, a Hotfix was released that fixed the Mixology For Fun and Profit quest, allowing Alchemists to receive a ~30% bonus to Potion and Elixir crafting. Now, players are reporting that they are able to complete both this quest and the Master of Transmutation quest in order to receive additional Transmutation bonuses as well!
A player shared that they were able to complete both Mixology For Fun and Profit and Master of Transmutation.
You'll need to turn in quite a few items in order to complete these quests — Mixology For Fun and Profit requires players to turn in 10x Elixir of Demonslaying, 10x Invisibility Potion, and 5x Elixir of the Sages to Mixmaster Blix, while Master of Transmutation requires players to turn in 3x Arcanite Bar to Crimeon Lablade.