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Question
If books bought at prices ranging from rupees 400 to rupees 1000 are sold at prices ranging from rupees 500 to rupees 1200, then what is the greatest possible profit that could be made while selling five books?
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Solution
We need to sell 5 books.
Least price at which book can be bought is 400.
Greatest price at which it can be sold is 1200.
Least Cost Price = Rs. (400 * 5) = Rs. 2000.
Greatest Selling Price = Rs. (1200 * 5) = Rs. 6000.
Required profit = Rs. (6000 - 2000) = Rs. 4000.
We need to sell 5 books.
Least price at which book can be bought is 400.
Greatest price at which it can be sold is 1200.
Least Cost Price = Rs. (400 * 5) = Rs. 2000.
Greatest Selling Price = Rs. (1200 * 5) = Rs. 6000.
Required profit = Rs. (6000 - 2000) = Rs. 4000.
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