Question Details

The average cost price of two articles P and Q is Rs 1350. Article P sold at 10% profit and article Q sold at 20% profit. The total selling price of article P and Q is Rs 3120. If article Q is sold at 40% profit, then find the selling price.

Options

A

2000 Rs

B

2400 Rs

C

1900 Rs

D

2100 Rs

E

1680 Rs

Show Answer

Correct Answer :

Option D

2100 Rs

Solution :

The correct option is 2100 Rs.

To find the selling price of article Q when sold at 40% profit, we can break down the problem into step-by-step calculations:

Step 1: Understand the Cost Prices (CP)
Let the cost price of article P be CPP and the cost price of article Q be CPQ.
We are given that the average cost price of the two articles is Rs 1350. Therefore:

CPP+CPQ2=1350

Multiplying both sides by 2, we get the sum of the cost prices of P and Q:
CPP+CPQ=2700 ---- (Equation 1)

Step 2: Formulate the Selling Prices (SP)
Article P is sold at a 10% profit, which means its selling price is:
SPP=1.10×CPP
Article Q is sold at a 20% profit, which means its selling price is:
SPQ=1.20×CPQ

We are given that the total selling price of both articles is Rs 3120:
1.10CPP+1.20CPQ=3120 ---- (Equation 2)

Step 3: Solve for the Cost Price of Article Q (CPQ)
To eliminate CPP, we can multiply Equation 1 by 1.10:

1.10CPP+1.10CPQ=1.10×2700

1.10CPP+1.10CPQ=2970 ---- (Equation 3)

Now, subtract Equation 3 from Equation 2:
(1.20CPQ-1.10CPQ)=3120-2970

0.10CPQ=150

Dividing both sides by 0.10, we find the cost price of article Q:
CPQ=1500 Rs

Step 4: Find the Selling Price of Q at 40% Profit
If article Q is sold at a 40% profit, the new selling price of Q is calculated as:
New SPQ=CPQ×(1+0.40)

New SPQ=1500×1.40=2100 Rs

Thus, the required selling price of article Q is 2100 Rs.

Unlock Our Free Library

Access expert-curated educational resources and study materials—completely free.

Discover more resources

You may also like

Mock Tests

View All
  • CTET
  • intermediate
  • No time limit
  • child development and pedagogy, mathematics, social science

  • SSC
  • intermediate
  • 2 hours and 30 mins
  • child development and pedagogy, mathematics, social science

Ask AI Tutor
5 left
Q1 View Question & Options
AI Tutor is solving this question...
Reading question context & options...