A shopkeeper buys two varieties of sugar at ₹120 and ₹80 per kg, respectively, and mixes them in the ratio 2 : 3. He then sets the marked price of each kg of the blended sugar at 50% above the cost he incurred per kg of the same, and then sold it after offering a 25% discount on the marked price. At what price (in ₹) did the shopkeeper sell each kg of the blended sugar?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 108.
Cost per kg = (2 × 120 + 3 × 80)/5 = 96
Marked price = 96 × 1.5 = 144
Selling price after 25% discount = 144 × 0.75 = ₹108 per kg