Question : If books purchased at prices between Rs. 150 and Rs. 300 are sold within the price range of Rs. 250 to Rs. 350, what is the maximum potential profit from selling 15 books?
Option 1: Cannot be determined.
Option 2: Rs. 750
Option 3: Rs. 4250
Option 4: Rs. 3000
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Correct Answer: Rs. 3000
Solution :
Minimum cost price = 150 × 15 = Rs. 2250
Maximum selling price = 350 × 15 = Rs. 5250
Maximum profit = 5250 – 2250 = Rs. 3000
Hence, the correct answer is Rs. 3000.
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