Question 26
The relationship between Demand “D” and Selling Price “P” is given by the equation D(p) = 120 – 5*P. If the intention is to maximize the profit, then what is the optimal selling price if the item is going to be sold at Rs. 20 per unit?
Question 26: The relationship between Demand “D” and Selling Price “P…
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Correct answer: 22
Question 26 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 30 Apr 2023, in the January 2023 term (IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023). It carries 2 marks.
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