Question
The ratio of cost prices of two articles βAβ and
βBβ is 5:2 respectively and the average cost price of articles βAβ and βBβ is Rs. 1750. If articles βAβ and βBβ are sold at profit of 22% 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. 5y and Rs. 2y respectively Sum of cost price of articles βAβ and βBβ = 1750 Γ 2 = 3500 => 5y + 2y = 3500 => 7y = 3500 => y = 500 So, cost price of article βAβ = 5y = Rs. 2500 Cost price of article βBβ = 2y = Rs. 1000 Selling price of article βAβ = 2500 Γ (122/100) = Rs. 3050 Selling price of article βBβ = 1000 + 200 = Rs. 1200 So, average selling price of given two articles = (3050 + 1200) Γ· 2 =Β Rs. 2125
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
Who among the following is not one of the eligible beneficiaries of PMUY?
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented...
Which of the following statements about Prompt Corrective Action is/are True?
I-Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Prompt Corrective Action F...