Question
The ratio of cost prices of two articles βAβ and
βBβ is 6:5 respectively and the average cost price of articles βAβ and βBβ is Rs. 1100. If articles βAβ and βBβ are sold at profit of 21% and profit of Rs. 200 respectively, then what is the average selling price of the given two articles?Solution
Let the cost price of articles βAβ and βBβ be Rs. 6y and Rs. 5y respectively Sum of cost price of articles βAβ and βBβ = 1100 Γ 2 = 2200 => 6y + 5y = 2200 => 11y = 2200 => y = 200 So, cost price of article βAβ = 6y = Rs. 1200 Cost price of article βBβ = 5y = Rs. 1000 Selling price of article βAβ = 1200 Γ (121/100) = Rs. 1452 Selling price of article βBβ = 1000 + 200 = Rs. 1200 So, average selling price of given two articles = (1452 + 1200) Γ· 2 =Β Rs. 1326
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