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 :
To find the selling price of article Q when sold at a 40% profit, we will determine the cost price of both articles step-by-step.
Step 1: Understand the given values and set up equations.
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:
Multiplying by 2, we get the total cost price of both articles:
--- (Equation 1)
Step 2: Use the selling price information.
Article P is sold at a 10% profit, so its selling price is:
Article Q is sold at a 20% profit, so its selling price is:
The total selling price of both articles is Rs 3120:
--- (Equation 2)
Step 3: Solve the system of equations.
Multiply Equation 1 by 1.1 to align the coefficients:
--- (Equation 3)
Now, subtract Equation 3 from Equation 2:
Multiplying by 10 gives the cost price of article Q:
Rs
Step 4: Calculate the selling price of Q at a 40% profit.
If article Q is sold at a 40% profit, the new selling price is:
Rs
Thus, the selling price of article Q when sold at a 40% profit is 2100 Rs.
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