Question

Question: If books bought at prices ranging from Rs.550 to Rs.600 are sold at prices ranging from Rs. 700 to Rs. 925, what is the greatest possible profit that might be made in selling twelve books?
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Answer 1

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Answer:

1800

Step-by-step explanation:

❀ Least Cost Price = Rs. (200 * 8) = Rs. 1600.

❀ Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.

❀ Required profit = Rs. (3400 - 1600) = Rs. 1800.

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Answer 2

Given,

The book's cost range is 550 to 600rs.

Selling range = 700 to 925rs.

To Find,

The maximum money obtains from the selling of 12books.

Solution,

Given that,

The initial cost of books = 550 to 600rs.

The book's selling price = 700 to 925rs.

Need to sell 12 books.

The minimum cash spend when buying 12 books

12 * minimum cost =

12* 550 = 6600rs.

The maximum cash get when selling 12 books

12*maximum value =

12* 925= 11100rs.

Therefore,

The profit obtained from selling 12 books=

11100 - 6600 =4500rs.

Hence, selling 12 books can earn a profit of 4500rs.