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Business Analytics · Quiz 2 · 16 Mar 2025 · January 2025 term

Question 10: It costs Rs. 250 to make the product. Then, if you inten…

Question 10

+0.5 marksNumerical answer

The estimated demand for a product follows the relationship: D(p) = 2570 - 4p. Where “p” is the selling price of the product. With this information answer the given subquestions.

It costs Rs. 250 to make the product. Then, if you intend to maximize the profit, what is the best value for “p”? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “10.235”, then enter it as “10.24”)

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Correct answer: 446.5 (accepted within ±0.5)

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Question 10 of 21 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD2 16 Mar 2025). It carries 0.5 marks.

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