If the average price of three chairs is Rs. 14,014 and their prices ar

1.	If the average price of three chairs is Rs. 14,014 and their prices are in the ratio of 3 : 4 : 7, then the highest price (in Rs.) of chair is:1. 15,0152. 3,0033. 9,0094. 21,021
Answer» Correct Answer - Option 4 : 21,021 Given: Average Price of Three Chairs = Rs. 14,014 Ratio of the Prices of three Chairs = 3 : 4 : 7 Formula Used: Average = Sum of Prices of Articles/ Number of Articles Concept Used: Sum of Ratios will be equal to the Sum of Prices of All Chairs Calculation: 14,014 = Sum of Prices of Chairs/3 ⇒ Sum of Prices Of chairs = 14,014 × 3 = 42,042 Sum of Prices of Chairs is also equal to the sum of Ratios given i.e. 3 + 4 + 7 = 14 Units ⇒ 14 Units = Rs. 42,042 ⇒ 1 Unit = 42,042/14 = Rs. 3003 Since, we have to find the Value of Highest Price Chair i.e. 7 Units ⇒ 7 Units = 3003 × 7 = Rs. 21021 ∴ The Highest price of Chair is Rs. 21,021

If the average price of three chairs is Rs. 14,014 and their prices are in the ratio of 3 : 4 : 7, then the highest price (in Rs.) of chair is:1. 15,0152. 3,0033. 9,0094. 21,021

Answer» Correct Answer - Option 4 : 21,021

Given:

Average Price of Three Chairs = Rs. 14,014

Ratio of the Prices of three Chairs = 3 : 4 : 7

Formula Used:

Average = Sum of Prices of Articles/ Number of Articles

Concept Used:

Sum of Ratios will be equal to the Sum of Prices of All Chairs

Calculation:

14,014 = Sum of Prices of Chairs/3

⇒ Sum of Prices Of chairs = 14,014 × 3 = 42,042

Sum of Prices of Chairs is also equal to the sum of Ratios given

i.e. 3 + 4 + 7 = 14 Units

⇒ 14 Units = Rs. 42,042

⇒ 1 Unit = 42,042/14 = Rs. 3003

Since, we have to find the Value of Highest Price Chair i.e. 7 Units

⇒ 7 Units = 3003 × 7 = Rs. 21021

∴ The Highest price of Chair is Rs. 21,021

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