Question
The ratio of cost prices of two articles ‘A’ and
‘B’ is 6:5 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1100. If articles ‘A’ and ‘B’ 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 ‘A’ and ‘B’ be Rs. 6y and Rs. 5y respectively Sum of cost price of articles ‘A’ and ‘B’ = 1100 × 2 = 2200 => 6y + 5y = 2200 => 11y = 2200 => y = 200 So, cost price of article ‘A’ = 6y = Rs. 1200 Cost price of article ‘B’ = 5y = Rs. 1000 Selling price of article ‘A’ = 1200 × (121/100) = Rs. 1452 Selling price of article ‘B’ = 1000 + 200 = Rs. 1200 So, average selling price of given two articles = (1452 + 1200) ÷ 2 = Rs. 1326
The first monetary policy committee (MPC) was constituted on which of the following year?
Countries were not eligible for membership in the International Bank for Reconstruction and Development (IBRD) unless they were members of the ______.
Andhra Bank and Corporation Bank were amalgamated into Union Bank of India in which of the following year?
USSR was disintegrated in the period ______?
Which bank has entered into a co-lending partnership with Kisetsu Saison Finance (India) Private Limited, focusing on providing competitive MSME Loans &...
What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank?
Which Section of RBI Act, 1934 provides for an empowered six-member monetary policy committee (MPC) to be constituted by the Central Government?
Who among the following National leader was not a PNB's founder?
Which of the following is a monetary policy tool which allows banks to borrow money through repurchase agreements that is primerily used by the Reserve ...
__________ include fees received for credit-related or lending related services like credit processing fees, late payment or default charges and early r...
