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    Question

    A seller purchased certain number of watches at prices

    ranging from Rs. 850 to Rs. 1150 and sold them at price ranging from Rs. 1000 to Rs. 1300. Find the maximum profit that can be earned by selling 9 such watches.
    A Rs. 4050 Correct Answer Incorrect Answer
    B Rs. 4000 Correct Answer Incorrect Answer
    C Rs. 3050 Correct Answer Incorrect Answer
    D Rs. 4150 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 9 watches = 9 × 850 = Rs. 7650 Maximum selling price of 9 watches = 9 × 1300 = Rs. 11700 Therefore, maximum profit that can be earned = 11700 – 7650 = Rs. 4050

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