Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

The table given below shows the cost price and selling of four different articles.

Articles

Cost price

Selling price

J

650

750

K

370

450

L

450

650

M

590

650

What is the difference between the average selling price and average cost price of all the articles?

Options:

110

160

710

140

Correct Answer:

110

Explanation:

Average selling price = \(\frac{ 750 + 450 + 650 +  650 }{4}\)

= \(\frac{ 2500 }{4}\) = 625

Average Cost price = \(\frac{650 + 370 + 450 +  590 }{4}\)

= \(\frac{ 2060 }{4}\) = 515

Difference = 625 - 515 = 110