Answer
Verified
377.7k+ views
Hint: We have to first examine the minimum cost price of one watch which is $Rs.200$ . After that, we find the minimum cost price of nine watches by multiplying by nine. Similarly, we have to examine the maximum selling price of one watch which is $Rs.425$ . After that, we find the maximum selling price of nine watches by multiplying by nine. The final answer is found by evaluating $\left( 425\times 9 \right)-\left( 200\times 9 \right)$.
Complete step-by-step solution:
We are given that the cost price of the watches ranges from $Rs.200$ to $Rs.350$ and the selling price of the watches ranges from $Rs.300$ to $Rs.425$ . We have to determine the greatest possible profit made in selling nine watches.
For maximum profit, the cost price should be minimum and the selling price should be maximum as profit is calculated by subtracting cost price from selling price.
The least possible cost price of one watch is $Rs.200$ . Then, we will multiply $9$ by $200$ to find the least cost price of nine watches.
$200\times 9=1800$
Similarly, the maximum selling price of one watch can be $Rs.425$ . Then, we will multiply $9$ by $425$ to find the highest selling price of nine watches.
$425\times 9=3825$
Now, it is known that profit can be calculated by subtracting cost price from selling price. Hence, maximum profit possible by selling nine watches is $3825-1800=2025$ .
Thus, the maximum profit is $Rs.2025$ .
Note: We can also solve this question by first calculating the maximum profit on selling one watch, which is $425-200=225$ . We then multiply it with $9$ to get the profit from nine watches which is $225\times 9=2025$ .
Complete step-by-step solution:
We are given that the cost price of the watches ranges from $Rs.200$ to $Rs.350$ and the selling price of the watches ranges from $Rs.300$ to $Rs.425$ . We have to determine the greatest possible profit made in selling nine watches.
For maximum profit, the cost price should be minimum and the selling price should be maximum as profit is calculated by subtracting cost price from selling price.
The least possible cost price of one watch is $Rs.200$ . Then, we will multiply $9$ by $200$ to find the least cost price of nine watches.
$200\times 9=1800$
Similarly, the maximum selling price of one watch can be $Rs.425$ . Then, we will multiply $9$ by $425$ to find the highest selling price of nine watches.
$425\times 9=3825$
Now, it is known that profit can be calculated by subtracting cost price from selling price. Hence, maximum profit possible by selling nine watches is $3825-1800=2025$ .
Thus, the maximum profit is $Rs.2025$ .
Note: We can also solve this question by first calculating the maximum profit on selling one watch, which is $425-200=225$ . We then multiply it with $9$ to get the profit from nine watches which is $225\times 9=2025$ .
Recently Updated Pages
How many sigma and pi bonds are present in HCequiv class 11 chemistry CBSE
Mark and label the given geoinformation on the outline class 11 social science CBSE
When people say No pun intended what does that mea class 8 english CBSE
Name the states which share their boundary with Indias class 9 social science CBSE
Give an account of the Northern Plains of India class 9 social science CBSE
Change the following sentences into negative and interrogative class 10 english CBSE
Trending doubts
Fill the blanks with the suitable prepositions 1 The class 9 english CBSE
The Equation xxx + 2 is Satisfied when x is Equal to Class 10 Maths
In Indian rupees 1 trillion is equal to how many c class 8 maths CBSE
Which are the Top 10 Largest Countries of the World?
How do you graph the function fx 4x class 9 maths CBSE
Give 10 examples for herbs , shrubs , climbers , creepers
Difference Between Plant Cell and Animal Cell
Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE
Why is there a time difference of about 5 hours between class 10 social science CBSE