Question
A seller purchased certain number of watches at prices
ranging from Rs. 800 to Rs. 1100 and sold them at price ranging from Rs. 950 to Rs. 1250. Find the maximum profit that can be earned by selling 17 such watches.Solution
Maximum profit will be earned when the cost price is least and selling price is maximum. Therefore, least cost price of 17 watches = 17 × 800 = Rs. 13600 Maximum selling price of 17 watches = 17 × 1250 = Rs. 21250 Therefore, maximum profit that can be earned = 21250 – 13600 = Rs. 7650
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