New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    If a shopkeeper buys toys at a price ranging from Rs.

    175 to Rs. 200 and sells at prices ranging from Rs. 275 to Rs. 300, what is the maximum possible profit that might be made in selling 45 toys?
    A Rs. 4,689 Correct Answer Incorrect Answer
    B Rs. 3,452 Correct Answer Incorrect Answer
    C Rs. 5,625 Correct Answer Incorrect Answer
    D Rs. 7,547 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    To make the maximum possible profit, one has to purchase the toys at minimum rate and he must sell the same at maximum rate. C.P. of 45 toys at minimum rate = 45   175 = Rs.7, 875 and S.P. of 45 toys at maximum rate = 45   300 = Rs. 13,500 ∴ Maximum possible profit = 13,500 – 7,875 = Rs. 5,625

    Practice Next