New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

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

    ‘B’ is 4:5 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 6300. If articles ‘A’ and ‘B’ are sold at profit of 20.5% and profit of Rs. 600 respectively, then what is the average selling price of the given two articles?
    A Rs. 7174 Correct Answer Incorrect Answer
    B Rs. 7100 Correct Answer Incorrect Answer
    C Rs. 7184 Correct Answer Incorrect Answer
    D Rs. 7194 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of articles ‘A’ and ‘B’ be Rs. 4y and Rs. 5y respectively Sum of cost price of articles ‘A’ and ‘B’ = 6300 × 2 = 12600 => 4y + 5y = 12600 => 9y = 12600 => y = 1400 So, cost price of article ‘A’ = 4y = Rs. 5600 Cost price of article ‘B’ = 5y = Rs. 7000 Selling price of article ‘A’ = 5600 × (120.5/100) = Rs. 6748 Selling price of article ‘B’ = 7000 + 600 = Rs. 7600 So, average selling price of given two articles = (6748 + 7600) ÷ 2 =  Rs. 7174

    Practice Next

    Relevant for Exams: