Question

If some articles are bought at prices ranging from Rs. 200 to Rs. 350 and are sold at prices ranging from Rs. 300 to Rs. 425, what is the maximum possible profit that might be made in selling 16 such articles?

• A. Rs. 3600
• B. Rs. 1200
• C. Rs. 800
• D. Rs. 400

Answer 1

Answer: (A)

Rs. 3600

Maximum profit will be if we purchase in minimum

price & sell in maximum price.

Minimum price for purchasing = Rs 200

Maximum price for purchasing = Rs 425

Net profit on 1 article $425-200=Rs225$

Net profit on 16 article $=225\times 16=Rs3600$