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

Show Answer

Correct Answer :

Option D

2100 Rs

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 P and the cost price of article Q be Q.
We are given that the average cost price of the two articles is Rs 1350:
P+Q2=1350
Multiplying by 2, we get the total cost price of both articles:
P+Q=2700      --- (Equation 1)

Step 2: Use the selling price information.
Article P is sold at a 10% profit, so its selling price is:
1.1P
Article Q is sold at a 20% profit, so its selling price is:
1.2Q
The total selling price of both articles is Rs 3120:
1.1P+1.2Q=3120      --- (Equation 2)

Step 3: Solve the system of equations.
Multiply Equation 1 by 1.1 to align the coefficients:
1.1P+1.1Q=1.1×2700
1.1P+1.1Q=2970      --- (Equation 3)
Now, subtract Equation 3 from Equation 2:
(1.1P+1.2Q)-(1.1P+1.1Q)=3120-2970
0.1Q=150
Multiplying by 10 gives the cost price of article Q:
Q=1500 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:
Selling Price=Q×(1+0.40)
Selling Price=1500×1.4
Selling Price=2100 Rs

Thus, the selling price of article Q when sold at a 40% profit is 2100 Rs.

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