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Neeraj purchased a few shirts for his sh...

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

A

B

B

C

C

D

D

A

Text Solution

AI Generated Solution

The correct Answer is:
To find the maximum profit Neeraj can make by selling 10 shirts, we need to follow these steps: ### Step 1: Determine the Cost Price of the Shirts Neeraj purchased shirts at a cost price ranging from Rs 400 to Rs 550. To maximize profit, he should buy the cheapest shirts. - **Cost Price of 1 shirt**: Rs 400 - **Cost Price of 10 shirts**: \[ 10 \times 400 = 4000 \text{ Rs} \] ### Step 2: Determine the Selling Price of the Shirts Neeraj sells shirts at a price ranging from Rs 450 to Rs 650. To maximize profit, he should sell the shirts at the highest price. - **Selling Price of 1 shirt**: Rs 650 - **Selling Price of 10 shirts**: \[ 10 \times 650 = 6500 \text{ Rs} \] ### Step 3: Calculate the Profit Profit can be calculated using the formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] Substituting the values we calculated: \[ \text{Profit} = 6500 - 4000 = 2500 \text{ Rs} \] ### Conclusion The maximum profit that Neeraj might make in selling 10 shirts is **Rs 2500**. ### Answer **B Rs 2500** ---
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