Question
The ratio of cost prices of two articles βAβ and
βBβ is 1:3 respectively and the average cost price of articles βAβ and βBβ is Rs. 1200. If articles βAβ and βBβ are sold at profit of 22% and profit of Rs. 200 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. y and Rs. 3y respectively Sum of cost price of articles βAβ and βBβ = 1200 Γ 2 = 2400 => y + 3y = 2400 => 4y = 2400 => y = 600 So, cost price of article βAβ = y = Rs. 600 Cost price of article βBβ = 3y = Rs. 1800 Selling price of article βAβ = 600 Γ (122/100) = Rs. 732 Selling price of article βBβ = 1800 + 200 = Rs. 2000 So, average selling price of given two articles = (732 + 2000) Γ· 2 =Β Rs. 1366
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