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Neeraj purchased a few shirts for his shop at cost prices ranging from Rs. 400 to Rs. 550 and sold at prices ranging from Rs. 450 to Rs. 650. What is the maximum profit that might be made in selling 10 shirts? A. Rs. 2800 B. Rs. 2500 C. Rs. 2400 D. Rs. 2000

Neeraj purchased a few shirts for his shop at cost prices ranging from Rs. 400 to Rs. 550 and sold at prices ranging from Rs. 450 to Rs. 650. What is the maximum profit that might be made in selling 10 shirts? A. Rs. 2800 B. Rs. 2500 C. Rs. 2400 D. Rs. 2000 Correct Answer B

Given:

Neeraj purchased a few shirts for his shop at cost prices ranging from = Rs 400 to Rs 550

Selling prices ranging from = Rs 550 to Rs 650

Formula:

Profit = SP – CP

Calculation:

For maximum profit, Neeraj should purchase the shirts at a minimum price and sells them at

maximum price.

Cost price of 1 shirt = Rs 400

⇒ Cost price of 10 shirt = Rs 400 × 10 = Rs 4000

Selling price of 1 shirt = Rs 650

⇒ Selling price of 10 shirt = Rs 650 × 10 = Rs 6500

∴ Total profit = 6500 – 4000 = Rs. 2500

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