If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to...
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 ten books ?
Answer/Solution
2250
Steps/Work
Explanation:
Least Cost Price = Rs. (200 * 10) = Rs. 2000.
Greatest Selling Price = Rs. (425 * 10) = Rs. 4250.
Required profit = Rs. (4250 - 2000) = Rs. 2250.
Answer: D) 2250
Least Cost Price = Rs. (200 * 10) = Rs. 2000.
Greatest Selling Price = Rs. (425 * 10) = Rs. 4250.
Required profit = Rs. (4250 - 2000) = Rs. 2250.
Answer: D) 2250