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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

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    Team Careers360 2nd Jan, 2024
    Answer
    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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