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Optimal Selling price

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Optimal Selling price

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
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  • May 29, 2017 at 8:53 pm #388855
    ngunyinyagathiri
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    in example 6, my equation was P= 80- 0.001Q I’m I wrong or the question has a mistake? Kindly assist.

    May 30, 2017 at 9:17 am #388927
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54812
    • ☆☆☆☆☆

    You are wrong (and you should realise you are wrong, because if you put Q = 20,000 in your equation, then you do not get a selling price of $100 !!).

    The answer in the notes is correct, and I do explain why in the free lectures on this chapter.

    (I assume that you are watching the lectures, because the notes are not to be used on their own. If you are not watching the lectures then you must buy a Study Text from one of the ACCA approved publishers, and study from that.)

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