Answer :
The price of the third variety is indeed Rs. 175.50 per kg.
Let the price of the third variety be Rs. x per kg.
Since the teas are mixed in the ratio 1:1:2, the total weight of each variety in 1 kg of the mixture is:
1/4 kg for the first variety (Rs. 126 per kg)
1/4 kg for the second variety (Rs. 135 per kg)
1/2 kg for the third variety (Rs. x per kg)
The total cost of the mixture per kg is Rs. 153.
We can set up an equation based on the weighted average cost:
153 = (1/4 * 126) + (1/4 * 135) + (1/2 * x)
Solve the equation for x:
153 = 31.5 + 33.75 + 0.5x
x = (153 - 65.25) / 0.5
x = 175.5
Therefore, the price of the third variety is Rs. 175.50 per kg. So the answer is (c).