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    Question

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

    β€˜B’ is 12:11 respectively and the average cost price of articles β€˜A’ and β€˜B’ is Rs. 2300. If articles β€˜A’ and β€˜B’ are sold at profit of 30% and profit of Rs. 500 respectively, then what is the average selling price of the given two articles?
    A Rs. 2900 Correct Answer Incorrect Answer
    B Rs. 2810 Correct Answer Incorrect Answer
    C Rs. 2910 Correct Answer Incorrect Answer
    D Rs. 2710 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. 12y and Rs. 11y respectively Sum of cost price of articles β€˜A’ and β€˜B’ = 2300 Γ— 2 = 4600 => 12y + 11y = 4600 => 23y = 4600 => y = 200 So, cost price of article β€˜A’ = 12y = Rs. 2400 Cost price of article β€˜B’ = 11y = Rs. 2200 Selling price of article β€˜A’ = 2400 Γ— (130/100) = Rs. 3120 Selling price of article β€˜B’ = 2200 + 500 = Rs. 2700 So, average selling price of given two articles = (3120 + 2700) Γ· 2 =Β  Rs. 2910

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