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.
Correct Answer :
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 and the cost price of article Q be .
We are given that the average cost price of the two articles is Rs 1350. Therefore:
Multiplying both sides by 2, we get the sum of the cost prices of P and Q:
---- (Equation 1)
Step 2: Formulate the Selling Prices (SP)
Article P is sold at a 10% profit, which means its selling price is:
Article Q is sold at a 20% profit, which means its selling price is:
We are given that the total selling price of both articles is Rs 3120:
---- (Equation 2)
Step 3: Solve for the Cost Price of Article Q ()
To eliminate , we can multiply Equation 1 by 1.10:
---- (Equation 3)
Now, subtract Equation 3 from Equation 2:
Dividing both sides by 0.10, we find the cost price of article Q:
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:
Rs
Thus, the required selling price of article Q is 2100 Rs.
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