If books bought at prices ranging from ₹200 to ₹260 are sold at prices ranging from ₹250 to 300, what is the greatest possible profit that might be made in selling 25 books?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹2,500.
Lowest buying price = ₹200
Highest selling price = ₹300
Profit per book = 300 - 200 = ₹100
Total number of books = 25
The greatest possible profit = 25 × 100 = ₹2500
Therefore, the greatest possible profit that might be made in selling 25 books is ₹2500.