A person bought 100 cars for Rs. 40000. If the average price of 60 cars is Rs. 500, then what will be the average price (in Rs.) of remaining cars?
1). 200
2). 250
3). 300
4). 350
Total Price of 100 cars = 40000
∴ Average Price of remaining cars = (40000 – 500 × 60) / (100 – 60) = (40000 – 30000)/40 = 10000/40 = 250