Question Details

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).

Options

A

1800

B

1150

C

1450

D

1500

Show Answer

Correct Answer :

Option A

1800

Solution :

The correct answer is 1800.

Let the cost price of article X be x and the cost price of article Y be y.

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:

x+y2=1600

Multiplying both sides by 2, we get:

x+y=3200     — (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 1.15x.
- Article Y is sold at a 25% profit, which means its selling price is 1.25y.

The total selling price of both articles is Rs 3800. This gives us the equation:

1.15x+1.25y=3800    — (Equation 2)

To solve for y, we can multiply Equation 1 by 1.15 to match the coefficient of x:

1.15(x+y)=1.15×3200

1.15x+1.15y=3680    — (Equation 3)

Now, subtract Equation 3 from Equation 2 to eliminate x:

(1.15x+1.25y)-(1.15x+1.15y)=3800-3680

0.10y=120

y=1200.10=1200

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:

New Selling Price of Y=Cost Price of Y×(1+0.50)

New Selling Price of Y=1200×1.50=1800

Thus, the new selling price of article Y is Rs 1800.

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