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

Question 23: What is the maximum profit that can be generated? (Note:…

Question 23

+1 markNumerical 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.

What is the maximum profit that can be generated? (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: 20424.5 (accepted within ±0.5)

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Question 23 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 1 mark.

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