Question
Download Solution PDFComprehension
The line graph shows the number of copper and bronze items sold in four different shops [A, B, C, and D].
The given table shows the ratio between total number of [ copper + bronze] items sold to number silver items sold.
Shop |
Ratio between total number of [ copper + bronze] items sold to number silver items sold. |
A |
5:4 |
B |
29:12 |
C |
25:18 |
D |
3:2 |
Average selling price of copper items is Rs. 750, average selling price of bronze items is Rs. 550 and average silver items is Rs. 1050 sold in shop B. Find the average (approx) selling price of all the items sold in shop B?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCommon Calculation
For shop A,
Number of copper items sold in shop A is 24.
Number of bronze items sold in shop A is 16.
So, total number of copper and bronze items sold in shop A is 24 + 16 = 40.
So, Ratio between total number of [ copper + bronze] items sold to number silver items sold.
So, Number of silver items sold in shop A is 40 × 4 /5 = 32
Similarly, we can calculate others values also, which is given in the table.
Shop |
Number of copper items sold |
Number of Bronze items sold |
Number of Silver items sold |
A |
24 |
16 |
32 |
B |
30 |
28 |
24 |
C |
32 |
18 |
36 |
D |
36 |
24 |
40 |
Calculation
In Shop B:
Copper = 30 × 750 = 22,500
Bronze = 28 × 550 = 15,400
Silver = 24 × 1050 = 25,200
Total value = 22,500 + 15,400 + 25,200 = 63,100
Total items = 30 + 28 + 24 = 82
Average selling price = 63100 ÷ 82 = Rs. 769.51 (approx)
Answer: Rs. 770
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