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      Question

      The ratio of cost prices of two articles β€˜A’ and

      β€˜B’ is 4:1 respectively and the average cost price of articles β€˜A’ and β€˜B’ is Rs. 1500. If articles β€˜A’ and β€˜B’ are sold at profit of 26% and profit of Rs 100 respectively, then what is the average selling price of the given two articles?
      A Rs. 1862 Correct Answer Incorrect Answer
      B Rs. 1802 Correct Answer Incorrect Answer
      C Rs. 1562 Correct Answer Incorrect Answer
      D Rs. 1762 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of articles β€˜A’ and β€˜B’ be Rs. 4y and Rs. y respectively Sum of cost price of articles β€˜A’ and β€˜B’ = 1500 Γ— 2 = 3000 => 4y + y = 3000 => 5y = 3000 => y = (3000/5) = 600 So, cost price of article β€˜A’ = 4y = Rs. 2400 Cost price of article β€˜B’ = y = Rs. 600 Selling price of article β€˜A’ = 2400 Γ— (126/100) = Rs. 3024 Selling price of article β€˜B’ = 600 + 100 = Rs. 700 So, average selling price of given two articles = (3024 + 700) Γ· 2 = (3724/2) = Rs. 1862

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