If books bought at price 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?
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Profit = Selling price - Cost price
So, for maximum profit this difference must be maximum and this difference will be maximum when SP will be highest and CP will be lowest.
Lowest possible CP according to the question is = 200 and
Highest possible SP according to the question is = 425
So, maximum profit = 425-200 = 225
So, for maximum profit this difference must be maximum and this difference will be maximum when SP will be highest and CP will be lowest.
Lowest possible CP according to the question is = 200 and
Highest possible SP according to the question is = 425
So, maximum profit = 425-200 = 225
Lkshu:
Okay thnx
hi
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