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    Question

    A seller purchased certain number of watches at prices

    ranging from Rs. 900 to Rs. 1200 and sold them at price ranging from Rs. 1050 to Rs. 1350. Find the maximum profit that can be earned by selling 15 such watches.
    A Rs. 6300 Correct Answer Incorrect Answer
    B Rs. 6000 Correct Answer Incorrect Answer
    C Rs. 6750 Correct Answer Incorrect Answer
    D Rs. 6700 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 15 watches = 15 × 900 = Rs. 13500 Maximum selling price of 15 watches = 15 × 1350 = Rs. 20250 Therefore, maximum profit that can be earned = 20250 – 13500 = Rs. 6750

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