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

Question 11: The cost of printing a book is Rs. 420. If the aim is to…

Question 11

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“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.

The cost of printing a book is Rs. 420. If the aim is to maximize profit, then what should be P1? NOTE: Enter your answer to the nearest integer.

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Correct answer: 440

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Question 11 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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