Question

If books bought at prices ranging from Rs. 150150 to Rs. $300$are sold at prices ranging from Rs. $250$ to Rs. $350$, what is the greatest possible profit that might be made in selling 15 books ?

• A. Rs. $2500$
• B. Rs. $3000$
• C. Rs. $3500$
• D. None of above

Answer 1

Answer: (B)

Rs. $3000$

The greatest profit is possible only if the cost price of the books are minimum and selling prices are maximum.
Let lowest cost price of the 15 books $=150\times 15=Rs.2250$
Maximum selling price of 15 books $=350\times 15=Rs.5250$
So, maximum profit $=5250-2250=Rs.3000$