If books bought at price 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?
Correct Answer: None of these
Explanation:
∵ Profit is maximum when C.P. is minimum and S.P. is maximum
Thus, C.P. = Rs. (200 x 8) = Rs. 1600
S.P. = Rs. (425 x 8) = Rs. 3400
∴ Gain = Rs. 1800
