📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      The ratio of cost prices of two articles ‘A’ and

      ‘B’ is 12:11 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 2300. If articles ‘A’ and ‘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 ‘A’ and ‘B’ be Rs. 12y and Rs. 11y respectively Sum of cost price of articles ‘A’ and ‘B’ = 2300 × 2 = 4600 => 12y + 11y = 4600 => 23y = 4600 => y = 200 So, cost price of article ‘A’ = 12y = Rs. 2400 Cost price of article ‘B’ = 11y = Rs. 2200 Selling price of article ‘A’ = 2400 × (130/100) = Rs. 3120 Selling price of article ‘B’ = 2200 + 500 = Rs. 2700 So, average selling price of given two articles = (3120 + 2700) ÷ 2 =  Rs. 2910

      Practice Next
      More Profit and loss Questions
      ask-question