Question : The table given below shows the cost price and selling of four different articles.
What is the difference between the average selling price and the average cost price of all the articles?
Option 1: 110
Option 2: 160
Option 3: 710
Option 4: 140
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Correct Answer: 110
Solution : Average SP = $\frac{750 + 450 + 650 + 650}{4} = \frac{2500}{4}=625$ Average CP = $\frac{650 + 370 + 450 + 590}{4} = \frac{2060}{4} = 515$ Difference = 625 – 515 = 110 Hence, the correct answer is 110.
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