a merchant is mixing two qualities of rice,one which he procures at Rs – McqOptions

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1.	a merchant is mixing two qualities of rice,one which he procures at Rs. 70/kg and second at Rs. 40/kg in the ratio of 7:3 respectively. at what price should he sell the mixture to earn a profit of 20%?
A.	Rs. 73.20/kg
B.	Rs. 74/kg
C.	Rs. 74.6/kg
D.	Rs. 75.4/kg
Answer» B. Rs. 74/kg

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