A trader purchased 500 kg of sugar at Rs. 40 per kg. He sold 200 kg of it at a profit of 10% and 120 kg at a loss of 5%. At what rate per kg (in Rs., correct to 2 decimal places) should be sell the remaining sugar to gain 12% on his initial investment?
1
52.33
2
44.80
3
50.22
4
48.67