If books bought at prices ranging from Rs.200 to Rs.350 are being sold at prices ranging from Rs.300 to Rs.450, what is the highest possible profit that might be made in selling 8 books?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.2,000.
Leat cost price = 200 × 8 = Rs.1600
Highest cost price = 450 × 8 = Rs.3600
Difference = 3600 - 1600 = Rs.2000
So, he highest possible profit that might be made in selling 8 books is Rs.2000