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

Solution :

The correct option is 2100 Rs.

Let us solve the problem step-by-step to find the selling price of article Q when it is sold at a 40% profit.

Step 1: Find the total cost price of articles P and Q.

We are given that the average cost price of articles P and Q is Rs 1350.
Let CPP be the cost price of article P and CPQ be the cost price of article Q.

CPP+CPQ2=1350

CPP+CPQ=1350×2=2700    --- (Equation 1)

Step 2: Express the total selling price in terms of cost prices.

Article P is sold at a 10% profit, so its selling price is:
SPP=1.10×CPP

Article Q is sold at a 20% profit, so its selling price is:
SPQ=1.20×CPQ

The total selling price of both articles is given as Rs 3120.

1.10CPP+1.20CPQ=3120    --- (Equation 2)

Step 3: Solve Equations 1 and 2 to find the cost price of article Q.

From Equation 1, we can write:
CPP=2700-CPQ

Substitute CPP into Equation 2:

1.10(2700-CPQ)+1.20CPQ=3120

2970-1.10CPQ+1.20CPQ=3120

2970+0.10CPQ=3120

0.10CPQ=3120-2970

0.10CPQ=150

CPQ=1500.10=1500

Thus, the cost price of article Q is Rs 1500.

Step 4: Find the selling price of article Q if sold at a 40% profit.

With a 40% profit margin, the new selling price of article Q will be:

New SPQ=CPQ×(1+40100)

New SPQ=1500×1.40=2100

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

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