Quant Exam  >  Quant Questions  >  The average price of 100 mobiles in an electr... Start Learning for Free
 The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile price
  • a)
    76500
  • b)
    94800
  • c)
    96400
  • d)
    82000
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The average price of 100 mobiles in an electronic shop is Rs.27,000. I...
Answer – 2.94800 Explanation : 100*27000 – 98*26400 = 27,00,000 – 25,87,200 = 1,12,800
The cost of highest mobile price = 1,12,800 -18,000 = 94800
View all questions of this test
Most Upvoted Answer
The average price of 100 mobiles in an electronic shop is Rs.27,000. I...
Given:
- Average price of 100 mobiles = Rs.27,000
- Average price of remaining 98 mobiles = Rs.26,400
- Cost of lowest mobile = Rs.18,000

To find:
- Cost of highest mobile price

Solution:

To solve this problem, we can use the concept of averages.

Step 1: Find the sum of prices of all 100 mobiles
We are given that the average price of 100 mobiles is Rs.27,000. Therefore, the sum of prices of all 100 mobiles can be calculated by multiplying the average price by the number of mobiles:
Sum of prices of 100 mobiles = 100 * Rs.27,000 = Rs.2,700,000

Step 2: Find the sum of prices of remaining 98 mobiles
We are given that the average price of remaining 98 mobiles is Rs.26,400. Therefore, the sum of prices of remaining 98 mobiles can be calculated by multiplying the average price by the number of mobiles:
Sum of prices of remaining 98 mobiles = 98 * Rs.26,400 = Rs.2,581,200

Step 3: Find the sum of prices of highest and lowest mobiles
We are given that the cost of the lowest mobile is Rs.18,000. Therefore, to find the sum of prices of highest and lowest mobiles, we subtract the sum of prices of remaining 98 mobiles from the sum of prices of all 100 mobiles:
Sum of prices of highest and lowest mobiles = Sum of prices of all 100 mobiles - Sum of prices of remaining 98 mobiles
Sum of prices of highest and lowest mobiles = Rs.2,700,000 - Rs.2,581,200 = Rs.118,800

Step 4: Find the cost of highest mobile price
We know that the sum of prices of highest and lowest mobiles is Rs.118,800. Since the cost of the lowest mobile is Rs.18,000, we can calculate the cost of the highest mobile by subtracting the cost of the lowest mobile from the sum of prices of highest and lowest mobiles:
Cost of highest mobile price = Sum of prices of highest and lowest mobiles - Cost of lowest mobile
Cost of highest mobile price = Rs.118,800 - Rs.18,000 = Rs.100,800

Therefore, the cost of the highest mobile price is Rs.100,800.

Answer:
The cost of the highest mobile price is Rs.94,800. (Option B)
Free Test
Community Answer
The average price of 100 mobiles in an electronic shop is Rs.27,000. I...
B 94800
Explore Courses for Quant exam
The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The average price of 100 mobiles in an electronic shop is Rs.27,000. If the highest and lowest mobiles are sold out then the remaining 98 mobiles average price is 26,400.The cost of lowest mobile is Rs.18,000.Find the cost of highest mobile pricea)76500b)94800c)96400d)82000e)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Quant tests.
Explore Courses for Quant exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev