Question
The ratio of cost prices of two articles βAβ and
βBβ is 12:11 respectively and the average cost price of articles βAβ and βBβ is Rs. 2300. If articles βAβ and βBβ are sold at profit of 30% and profit of Rs. 500 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. 12y and Rs. 11y respectively Sum of cost price of articles βAβ and βBβ = 2300 Γ 2 = 4600 => 12y + 11y = 4600 => 23y = 4600 => y = 200 So, cost price of article βAβ = 12y = Rs. 2400 Cost price of article βBβ = 11y = Rs. 2200 Selling price of article βAβ = 2400 Γ (130/100) = Rs. 3120 Selling price of article βBβ = 2200 + 500 = Rs. 2700 So, average selling price of given two articles = (3120 + 2700) Γ· 2 =Β Rs. 2910
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