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      Question

      A seller purchased certain number of watches at prices

      ranging from Rs. 1250 to Rs. 1550 and sold them at price ranging from Rs. 1400 to Rs. 1700. Find the maximum profit that can be earned by selling 11 such watches.
      A Rs. 4650 Correct Answer Incorrect Answer
      B Rs. 4950 Correct Answer Incorrect Answer
      C Rs. 4970 Correct Answer Incorrect Answer
      D Rs. 4990 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 11 watches = 11 times; 1250 = Rs. 13750 Maximum selling price of 11 watches = 11 times; 1700 = Rs. 18700 Therefore, maximum profit that can be earned = 18700 ndash; 13750 = Rs. 4950

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