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Question

The ratio of cost prices of two articles ‘A’ and ‘B’ is 5:1 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1200. If articles ‘A’ and ‘B’ are sold at profit of 27% and profit of Rs 110 respectively, then what is the average selling price of the given two articles?

A Rs. 1525 Correct Answer Incorrect Answer
B Rs. 1500 Correct Answer Incorrect Answer
C Rs. 1520 Correct Answer Incorrect Answer
D Rs. 1535 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let the cost price of articles ‘A’ and ‘B’ be Rs. 5y and Rs. y respectively Sum of cost price of articles ‘A’ and ‘B’ = 1200 × 2 = 2400 => 5y + y = 2400 => 6y = 2400 => y = 400 So, cost price of article ‘A’ = 5y = Rs. 2000 Cost price of article ‘B’ = y = Rs. 400 Selling price of article ‘A’ = 2000 × (127/100) = Rs. 2540 Selling price of article ‘B’ = 400 + 110= Rs. 510 So, average selling price of given two articles = (2540 + 510) ÷ 2 =  Rs. 1525

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