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Business Analytics · End Term · 13 Apr 2025 · January 2025 term · Set QDD1

Question 22: If the intention is to maximize the profit, then what is…

Question 22

+2 marksNumerical answer

(The following is a purely imaginary scenario)
The relationship between Demand “D” and Selling Price “P” is given by the equation D(p) = 780 – 9*P. Then answer the given sub-questions.

If the intention is to maximize the profit, then what is the optimal selling price if the item is going to be made at Rs. 30 per unit? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”)

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Correct answer: 58.5 (accepted within ±0.5)

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Question 22 of 33 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD3 13 Apr 2025). It carries 2 marks.

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