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      Question

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

      β€˜B’ is 1:3 respectively and the average cost price of articles β€˜A’ and β€˜B’ is Rs. 1200. If articles β€˜A’ and β€˜B’ are sold at profit of 22% and profit of Rs. 200 respectively, then what is the average selling price of the given two articles?
      A Rs. 1300 Correct Answer Incorrect Answer
      B Rs. 1353 Correct Answer Incorrect Answer
      C Rs. 1356 Correct Answer Incorrect Answer
      D Rs. 1366 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. y and Rs. 3y respectively Sum of cost price of articles β€˜A’ and β€˜B’ = 1200 Γ— 2 = 2400 => y + 3y = 2400 => 4y = 2400 => y = 600 So, cost price of article β€˜A’ = y = Rs. 600 Cost price of article β€˜B’ = 3y = Rs. 1800 Selling price of article β€˜A’ = 600 Γ— (122/100) = Rs. 732 Selling price of article β€˜B’ = 1800 + 200 = Rs. 2000 So, average selling price of given two articles = (732 + 2000) Γ· 2 =Β  Rs. 1366

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