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Industry 4.0 · End Term · 24 Dec 2023 · September 2023 term · Set ADB3

Question 34: Ramu puts up a stall for Diwali Light (Diya) every year.…

Question 34

+2 marksNumerical answer

Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 2 and sells for Rs. 4. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then answer the given sub questions

Percentage change in the order quantity if the demand support changes to [500,700]? Percentage change = (Q new Qold )/Qold
Enter your answer in percentage without ‘%’ symbol and rounded off to zero decimal. E.g. if your answer is 0.1234 then enter your answer as 12

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Correct answer: -33 (accepted within ±3)

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Question 34 of 34 in the IIT Madras BS Industry 4.0 (Industry 4.0) End Term paper sat on 24 Dec 2023, in the September 2023 term (IIT M DEGREE FN EXAM FDB1 24 Dec 2023). It carries 2 marks.

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