If the number of books bought at prices ranging from Rs. 200 to Rs. 350, are sold at prices ranging from Rs. 300 to Rs.425, what can be the greatest possible profit?

Rs. 400

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Rs. 600

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Rs. 800

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Cannot be determined

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Solution

The correct option is D Cannot be determined
Let us consider all the eight books are bought at least cost = $200 \times 8 = 1600$
Selling at the highest price $= 425 \times 8 = 3400$
$P r o f i t = s e l l i n g p r i c e - c o s t p r i c e = 3400 - 1600 = 1800$

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If the number of books bought at prices ranging from Rs. 200 to Rs. 350, are sold at prices ranging from Rs. 300 to Rs.425, what can be the greatest possible profit?

The correct option is D Cannot be determinedLet us consider all the eight books are bought at least cost =200×8=1600Selling at the highest price=425×8=3400 Profit=sellingprice−costprice=3400−1600=1800

The correct option is D Cannot be determined
Let us consider all the eight books are bought at least cost = $200 \times 8 = 1600$
Selling at the highest price $= 425 \times 8 = 3400$
$P r o f i t = s e l l i n g p r i c e - c o s t p r i c e = 3400 - 1600 = 1800$