The average price of three items is Rs. 14,265. If their prices are in the ratio 7 : 9 : 11, then the price of the costliest item is:
- AOption (a)
Rs. 19,875
- BOption (b)
Rs. 16,235
- COption (c)
Rs. 14,875
- DOption (d)
Rs. 17,435
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Correct answer
Rs. 17,435
Why this answer is correct
Shortcut Trick
Average of ratio parts (7, 9, 11) = (7 + 9 + 11) ÷ 3 = 9 units.
Given average price = Rs. 14,265.
9 units = Rs. 14,265 ⇒ 1 unit = Rs. 1,585.
Price of the costliest item (11 units) = 11 × 1,585 = Rs. 17,435.
∴ The correct answer is Rs. 17,435.
Alternate Method
Given: Average price of 3 items = Rs. 14,265; Ratio of prices = 7 : 9 : 11.
Formula Used: Sum of values = Average × Number of values.
7x 9x 11x Total Ratio Parts = 27x Average (9x) = Rs. 14,265 Costliest Item
⇒ Total Sum of prices = 14,265 × 3 = 42,795
⇒ Let the prices be 7x, 9x, and 11x.
⇒ 7x + 9x + 11x = 42,795
⇒ 27x = 42,795
⇒ x = 42,795 ÷ 27 = 1,585
⇒ Price of costliest item = 11x = 11 × 1,585 = 17,435
∴ The correct answer is Rs. 17,435.
Additional Information
General Average Formula
Average = (Sum of all observations) ÷ (Total number of observations).
Ratio Distribution
To find a specific share in ratio a:b:c, use Share = [Total Sum × specific part] ÷ (a + b + c).
Arithmetic Progression Average
For terms in AP (like our ratio parts 7, 9, 11 with difference 2), the average is always the middle term.