The average cost price of two articles, X and Y is Rs 1600. Article X is sold at a 15% profit, and article Y is sold at a 25% profit. The total selling price of articles X and Y is Rs 3800. If article Y is sold at a 50% profit, find the new selling price of article Y (in Rs).
Correct Answer :
1800
Solution :
The correct answer is 1800.
Let the cost price of article X be and the cost price of article Y be .
We are given that the average cost price of the two articles is Rs 1600. Therefore, the sum of their cost prices can be written as:
Multiplying both sides by 2, we get:
— (Equation 1)
Next, we are given the selling prices of the two articles under the first scenario:
- Article X is sold at a 15% profit, which means its selling price is .
- Article Y is sold at a 25% profit, which means its selling price is .
The total selling price of both articles is Rs 3800. This gives us the equation:
— (Equation 2)
To solve for , we can multiply Equation 1 by 1.15 to match the coefficient of :
— (Equation 3)
Now, subtract Equation 3 from Equation 2 to eliminate :
So, the cost price of article Y is Rs 1200.
If article Y is sold at a 50% profit, the new selling price of article Y is calculated as:
Thus, the new selling price of article Y is Rs 1800.
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.