The table given below shows the cost price and value of profit of 6 articles.
| Articles | Cost Price | Profit |
| A | 300 | 50 |
| B | 250 | 25 |
| C | 150 | 100 |
| D | 200 | 150 |
| E | 100 | 75 |
| F | 350 | 125 |
J1 = The value of average cost price of A, B , C and D.
J2 = The total profit of all articles.
What is the value of (L1 : J2)?
Answer & explanation
Correct answer: option 4
J1 = The value of average cost price of A, B , C and D.
= \(\frac{300 + 250 + 150 + 200}{4}\)
= \(\frac{900}{4}\)
= 225
J2 = The total profit of all articles.
= 50 + 25 + 100 + 150 + 75 + 125
= 525
Now , L1 : L2 = 225 : 525
3 : 7