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Business Analytics · End Term · 28 Apr 2024 · January 2024 term

Question 10: If the aim is to maximize revenue, then what should be t…

Question 10

+1 markNumerical answer

“BA Books” sells its popular book titled “PJs” to the learners in the BSc programme. The demand for the book is modelled by a curve which is captured as 23000-10*P1 (where “P1” is the selling price of the book). With this information, answer the given subquestions.

If the aim is to maximize revenue, then what should be the value of P1?
NOTE: Enter your answer to the nearest integer.

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Correct answer: 1150

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Question 10 of 32 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 28 Apr 2024, in the January 2024 term (IIT M FOUNDATION DIPLOMA AN EXAM QDF3 28 Apr 2024). It carries 1 mark.

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