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    Question

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

    β€˜B’ is 5:1 respectively and the average cost price of articles β€˜A’ and β€˜B’ is Rs. 1200. If articles β€˜A’ and β€˜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 β€˜A’ and β€˜B’ be Rs. 5y and Rs. y respectively Sum of cost price of articles β€˜A’ and β€˜B’ = 1200 Γ— 2 = 2400 => 5y + y = 2400 => 6y = 2400 => y = 400 So, cost price of article β€˜A’ = 5y = Rs. 2000 Cost price of article β€˜B’ = y = Rs. 400 Selling price of article β€˜A’ = 2000 Γ— (127/100) = Rs. 2540 Selling price of article β€˜B’ = 400 + 110= Rs. 510 So, average selling price of given two articles = (2540 + 510) Γ· 2 =Β  Rs. 1525

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