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    Question

    A seller purchased certain number of watches at prices

    ranging from Rs. 1500 to Rs. 1800 and sold them at price ranging from Rs. 1650 to Rs. 1950. Find the maximum profit that can be earned by selling 10 such watches.
    A Rs. 4700 Correct Answer Incorrect Answer
    B Rs. 4500 Correct Answer Incorrect Answer
    C Rs. 4750 Correct Answer Incorrect Answer
    D Rs. 4850 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Maximum profit will be earned when the cost price is least and selling price is maximum. Therefore, least cost price of 10 watches = 10 times; 1500 = Rs. 15000 Maximum selling price of 10 watches = 1950 times; 10 = Rs. 19500 Therefore, maximum profit that can be earned = 19500 ndash; 15000 = Rs. 4500

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