New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

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

    ‘B’ is 4:1 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1500. If articles ‘A’ and ‘B’ are sold at profit of 26% and profit of Rs 100 respectively, then what is the average selling price of the given two articles?
    A Rs. 1862 Correct Answer Incorrect Answer
    B Rs. 1802 Correct Answer Incorrect Answer
    C Rs. 1562 Correct Answer Incorrect Answer
    D Rs. 1762 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. y respectively Sum of cost price of articles ‘A’ and ‘B’ = 1500 × 2 = 3000 => 4y + y = 3000 => 5y = 3000 => y = (3000/5) = 600 So, cost price of article ‘A’ = 4y = Rs. 2400 Cost price of article ‘B’ = y = Rs. 600 Selling price of article ‘A’ = 2400 × (126/100) = Rs. 3024 Selling price of article ‘B’ = 600 + 100 = Rs. 700 So, average selling price of given two articles = (3024 + 700) ÷ 2 = (3724/2) = Rs. 1862

    Practice Next

    Relevant for Exams: