Question
The ratio of cost prices of two articles ‘A’ and
‘B’ is 4:1 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1500. If articles ‘A’ and ‘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?Solution
Let the cost price of articles ‘A’ and ‘B’ be Rs. 4y and Rs. y respectively Sum of cost price of articles ‘A’ and ‘B’ = 1500 × 2 = 3000 => 4y + y = 3000 => 5y = 3000 => y = (3000/5) = 600 So, cost price of article ‘A’ = 4y = Rs. 2400 Cost price of article ‘B’ = y = Rs. 600 Selling price of article ‘A’ = 2400 × (126/100) = Rs. 3024 Selling price of article ‘B’ = 600 + 100 = Rs. 700 So, average selling price of given two articles = (3024 + 700) ÷ 2 = (3724/2) = Rs. 1862
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