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 be made in selling eight books ?
A
Rs. 400
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B
Rs. 600
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C
Cannot be determined
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D
None of these
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Solution
The correct option is D None of these Least C.P = Rs. (200× 8) = Rs. 1600
Greatest S.P = Rs. (425 × 8 ) = Rs. 3400
Required profit = Rs. (3400-1600)
= Rs. 1800.