Question

A merchant bought 100 kg of rice at Rs. 60 per kg. He sold 40 kg of rice at a profit of 15% and another 40 kg at a profit of 10%. At what price per kg must he sell the remaining rice to earn an overall profit of 20% on the whole transaction?

A Rs. 80
B Rs. 85
C Rs. 90
D Rs. 95
E Rs. 100
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