If shoes bought at a price range from Rs. 500 to Rs. 700 are sold at p

1.	If shoes bought at a price range from Rs. 500 to Rs. 700 are sold at prices ranging from Rs. 1000 to Rs. 1300. What is the maximum possible profit that can be made by selling 10 pair of shoes?1. Rs. 8002. Rs. 80003. Rs. 50004. Rs. 6000
Answer» Correct Answer - Option 2 : Rs. 8000 Given: Cost price of shoes lies between = Rs. 500 to Rs. 700 Selling price of shoes lies between = Rs. 1000 to Rs. 1300 Concept Used: To gain maximum profit the cost price should be minimum and the selling price should be maximum. Calculation: Minimum CP = Rs.500 Maximum SP = Rs.1300 Profit on 1 pair of shoes = SP – CP = Rs. (1300 – 500) = Rs.800 Maximum profit on 10 pair of shoes = Rs. (10 × 800) = Rs.8000 ∴ Maximum profit is Rs. 8000

If shoes bought at a price range from Rs. 500 to Rs. 700 are sold at prices ranging from Rs. 1000 to Rs. 1300. What is the maximum possible profit that can be made by selling 10 pair of shoes?1. Rs. 8002. Rs. 80003. Rs. 50004. Rs. 6000

Answer» Correct Answer - Option 2 : Rs. 8000

Given:

Cost price of shoes lies between = Rs. 500 to Rs. 700

Selling price of shoes lies between = Rs. 1000 to Rs. 1300

Concept Used:

To gain maximum profit the cost price should be minimum and the selling price should be maximum.

Calculation:

Minimum CP = Rs.500

Maximum SP = Rs.1300

Profit on 1 pair of shoes = SP – CP = Rs. (1300 – 500) = Rs.800

Maximum profit on 10 pair of shoes = Rs. (10 × 800) = Rs.8000

∴ Maximum profit is Rs. 8000

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If shoes bought at a price range from Rs. 500 to Rs. 700 are sold at prices ranging from Rs. 1000 to Rs. 1300. What is the maximum possible profit that can be made by selling 10 pair of shoes?1. Rs. 8002. Rs. 80003. Rs. 50004. Rs. 6000

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