Question

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 ?Rs.600rs.1200rs. 1800none of these

Answer 1

Question : 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?

Answer : 1800

=> Profit is maximum when C.P. is minimum and S.P. is maximum.

Least Cost Price

= Rs. (200 * 8)

= Rs. 1600.

Greatest Selling Price

= Rs. (425 * 8)

= Rs. 3400.

Required profit

= Rs. (3400 - 1600)

= Rs. 1800.

So , he gain the profit of 1800 Rs.