Two distinct grades of rice, one priced at ₹80 per kilogram and the other at ₹120 per kilogram, are amalgamated in an undisclosed proportion. The resultant blend is retailed at ₹132 per kilogram, securing a profit margin of 20% on the overall cost price. Determine the precise ratio in which the two rice varieties were intermingled.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 1 : 3.
CP per kg = 132/1.2 = 110
Required ratio = 10 : 30 = 1 : 3