If chairs bought at prices ranging from Rs. 400 to Rs. 700, are sold at prices ranging from Rs. 500 to Rs. 950, then what can be the maximum possible profit per chair?
Explanation:
The maximum profit will be when C.P. is minimum and S.P. is maximum.
So maximum profit per chair = 950 – 400 = Rs. 550.
Hence, option (b).
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.