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

Question 9: If you intend to maximize the revenue, what is the best v…

Question 9

+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.

If you intend to maximize the revenue, 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: 321.5 (accepted within ±0.5)

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Question 9 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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