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 ?



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 . 1801 gain

B . 600

C . 1200

D . 1800

Answer : D . 1800


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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