Paper 1 · Mathematical Reasoning and Aptitude
UGC NET December 2023 (13.12.2023) Shift-I
Certain books are bought at prices ranging from Rs 400 to Rs 500 per book and are sold at prices ranging from Rs 500 to Rs 700 per book. Find the greatest possible profit that might be made in selling 10 books.
ARs 4000
BRs 3000 ✓ Correct
CRs 3800
DRs 7000
Correct answer: (B) Rs 3000 — The greatest possible profit on 10 books is Rs 3000, so that is the answer.
Explanation
★The greatest possible profit on 10 books is Rs 3000, so that is the answer.
★Maximum profit comes from the lowest cost price and the highest selling price.
★The lowest cost price is Rs 400 per book.
★The highest selling price is Rs 700 per book.
★For 10 books the cost is Rs 4000 and the sale is Rs 7000.
★The greatest possible profit is 7000 minus 4000, which is Rs 3000.
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