If books bought at prices ranging from ₹ 200 to ₹ 350 are sold at prices ranging from ₹ 300 to ₹ 425, what is… · ABC26GN2594

Subject: General Aptitude · Chapter: Profit and Loss

If books bought at prices ranging from ₹ 200 to ₹ 350 are sold at prices ranging from ₹ 300 to ₹ 425, what is the greatest possible profit that might be made in selling eight books?
(a)₹ 400
(b)₹ 600
(c)Cannot be determined
(d)None of these
Answer
Answer (as printed): D
Explanation
Least C.P. $=₹(200 \times 8)=₹ 1600$. Greatest S.P. $=₹(425 \times 8)=₹ 3400$. Required profit $=₹(3400-1600)=₹ 1800$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss

1. Practise the PYQsPrevious-year questions, with answers

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