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?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
Mortality Charge is the amount charged _____________ by the insurer
What do you mean by money back policy in insurance?
A 'Roadside Assistance' cover in a motor insurance policy provides:
Which feature is not allowed in the Indian insurance market?
Section 39 of Insurance Act related with which of the following ?
Intangible assets cover non-physical assets that cover ________________.
The Insurance Regulatory and Development Authority (IRDAI) was formed on the recommendation of which committee?
A retrocessionaire is:
The “Malhotra Committee” was established to:
Which among the following is not a characteristic of ethical behaviour?
Relevant for Exams:
