If the average price of three chairs is ₹14,014 and their prices are in the ratio of 3 : 4: 7, then the highest price (in ₹) of chair is:
Answer & explanation
Correct answer: option 2
Ratio of prices = 3 : 4 : 7
Total = 14r
Average = $\frac{14r}{3}$ = 14014
Thus, 14r = 14014 x 3
r = 1001 x 3 = 3003
Highest price = 7r = 7 x 3003 = 21021