21. A firm finds that its customers will buy 15% more of its product i

1.	21. A firm finds that its customers will buy 15% more of its product if the price of the product isreduced by * 5. When the price is * 25, the firm is selling 1000 units. Determine the demandcurve. (Assume that the demand curve is linear.)111
Answer» ANSWER: Answer : B Solution : (i) CONSIDER M.P. as 100, then compute S.P. and PROCEED. (ii) Let the LIST price be ₹100. Then C.P. for the dealer =₹85. (iii) Find the S.P. as he has to get 20% PROFIT. (iv) The above S.P. is after allowing a discount of 10% of marked price. (v) S.P.

21. A firm finds that its customers will buy 15% more of its product if the price of the product isreduced by * 5. When the price is * 25, the firm is selling 1000 units. Determine the demandcurve. (Assume that the demand curve is linear.)111

Answer»

Answer :

Solution :

(i) CONSIDER M.P. as 100, then compute S.P. and PROCEED.
(ii) Let the LIST price be ₹100.
Then C.P. for the dealer =₹85.
(iii) Find the S.P. as he has to get 20% PROFIT.
(iv) The above S.P. is after allowing a discount of 10% of marked price.
(v) S.P.

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21. A firm finds that its customers will buy 15% more of its product if the price of the product isreduced by * 5. When the price is * 25, the firm is selling 1000 units. Determine the demandcurve. (Assume that the demand curve is linear.)111​

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21. A firm finds that its customers will buy 15% more of its product if the price of the product isreduced by * 5. When the price is * 25, the firm is selling 1000 units. Determine the demandcurve. (Assume that the demand curve is linear.)111