A vendor mixes two rice types costing Rs. 30/kg and Rs. 50/kg in the ratio 3:2, but he mistakenly sells it at a loss of 10%. What is the selling price per kg?
Show answer & explanation
Correct answer: D
Explanation
Price of rice = ₹30/kg and ₹50/kg
Ratio = 3 : 2
Loss = 10%
Cost Price of the mixture = (3 × 30 + 2 × 50) / (3 + 2) = ₹38/kg
Selling Price = 38 − 10% of 38 = ₹34.2 per kg