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If books bought at prices 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: D. None of these

  • A. Rs. 400
  • B. Rs. 600
  • C. Cannot be determined
  • D. None of these

Explanation

For the greatest possible profit, take the lowest purchase price, Rs. 200, and the highest selling price, Rs. 425. Profit per book = Rs. 425 - Rs. 200 = Rs. 225, so for 8 books the profit is 8 × Rs. 225 = Rs. 1,800. Since Rs. 1,800 is not listed, the correct choice is None of these; Rs. 600 comes from using an incomplete price difference.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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