Mathematics

Mathematics

Problem

A company sells a product such that 500 units are demanded when the price is Rs 20 each, and 300 units are demanded when the price is Rs 30 each. Assuming a linear demand relation between price and quantity, at what price (in rupees) should the product be sold to maximise the revenue? a) 2525 b) 22.522.5 c) 2020 d) 3535

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