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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 3rd Jan, 2024

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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