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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 ?
  • a)
    1800
  • b)
    600
  • c)
    1200
  • d)
    1801
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at ...
Given Information:
- Cost price range: Rs. 200 to Rs. 350
- Selling price range: Rs. 300 to Rs. 425
- Number of books: 8

Calculating Profit for Each Book:
- Maximum profit per book = Selling price - Cost price
- Maximum profit per book = Rs. 425 - Rs. 200 = Rs. 225

Calculating Total Profit for 8 Books:
- Total profit for 8 books = Maximum profit per book * Number of books
- Total profit for 8 books = Rs. 225 * 8 = Rs. 1800
Therefore, the greatest possible profit that might be made in selling eight books is Rs. 1800, which corresponds to option 'A'.
Free Test
Community Answer
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at ...
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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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 ?a)1800b)600c)1200d)1801Correct answer is option 'A'. Can you explain this answer?
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