The average price of three items of furniture is Rs 15885. If their prices are in the ratio 3:5:7, the price of the costliest item (inRs) is
Given:
The average price of three items of furniture = Rs 15885
The ratio of their prices = 3:5:7
Formula Used:
Total price of the three items = Average price × Number of items
Costliest item price = () × Total price
Solution:
Total price of three items = 15885 × 3 = Rs 47655
Total parts in ratio = 3 + 5 + 7 = 15
Price of costliest item = () × 47655
= Rs 22239.00
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