Question
Two items, ‘D’ and ‘E’, were each sold for Rs.
4500. Item ‘D’ was sold at a 20% loss, while Item ‘E’ was sold at a 25% profit. If the average cost price of Items ‘D’, ‘E’, and ‘F’ is Rs. 4200, determine the cost price of Item ‘F’.Solution
ATQ;
Cost price of article ‘D’ = 4500 / 0.80 = Rs. 5625
Cost price of article ‘E’ = 4500 / 1.25 = Rs. 3600
Therefore, cost price of article ‘F’ = (4200 × 3) – 5625 – 3600 = Rs. 3375
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