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. 315, what is the greatest possible profit that might be made in selling eight books ?
Answer/Solution
920
Steps/Work
Explanation:
Least Cost Price = Rs. (200 * 8) = Rs. 1600.
Greatest Selling Price = Rs. (315 * 8) = Rs. 2520.
Required profit = Rs. (2520 - 1600) = Rs. 920.
Answer: E) 920
Least Cost Price = Rs. (200 * 8) = Rs. 1600.
Greatest Selling Price = Rs. (315 * 8) = Rs. 2520.
Required profit = Rs. (2520 - 1600) = Rs. 920.
Answer: E) 920