Correct Answer - Option 2 : Rs. 8000
Given:
Cost price of shoes lies between = Rs. 500 to Rs. 700
Selling price of shoes lies between = Rs. 1000 to Rs. 1300
Concept Used:
To gain maximum profit the cost price should be minimum and the selling price should be maximum.
Calculation:
Minimum CP = Rs.500
Maximum SP = Rs.1300
Profit on 1 pair of shoes = SP – CP = Rs. (1300 – 500) = Rs.800
Maximum profit on 10 pair of shoes = Rs. (10 × 800) = Rs.8000
∴ Maximum profit is Rs. 8000