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Discussion :: Profit and Loss

  1. 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 8 books?
    2. A.
    Rs. 400
    B.
    Rs. 600
    C.
    Cannot be determined
    D.
    None of these

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    Workspace

    View Answer

    Answer : Option D

    Explanation :

    Profit is maximum when C.P is minimum and S.P Maximum.


    Thus, C.P = Rs. (200 × 8) = Rs. 1600 

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