Question

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might bc made in selling eight books ?

• A. Rs. 1800
• B. Rs. 600
• C. Cannot be determined
• D. None of these

Answer 1

The correct option is A Rs. 1800

From given, we have,

Least Cost Price $=Rs.(200\times 8)=Rs.1600$

Greatest Selling Price $=Rs.(425\times 8)=Rs.3400$

Required profit $=Rs.(3400-1600)=Rs.1800$