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.
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 be the cost price of article P and be the cost price of article Q.
--- (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:
Article Q is sold at a 20% profit, so its selling price is:
The total selling price of both articles is given as Rs 3120.
--- (Equation 2)
Step 3: Solve Equations 1 and 2 to find the cost price of article Q.
From Equation 1, we can write:
Substitute into Equation 2:
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:
Therefore, the selling price of article Q at a 40% profit is 2100 Rs.
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