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PM Chapter 7 Questions Pricing

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Comments

  1. Mitiksha says

    October 27, 2020 at 7:14 pm

    question 2
    Dear Sir,

    I am a bit confused here. Price demand equation is P= a-bQ . Therefore the answer should be P=75-.0025Q and I have got it wrong. Could you please explain.

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    • cadhakan says

      October 28, 2020 at 3:28 pm

      Ya same here mitiksha.i also have same doubt.

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      • cadhakan says

        October 28, 2020 at 3:35 pm

        Ok I got it. This is my solution.

        P = a – bq

        So here I have to find first b= change in price/ change in qty
        5/2000 = 0.0025

        Next step is I have to find a so

        P= a-bq
        25 = a-(0.0025*20000)
        a= 75

        So therefore answer is p=75-0.0025q.
        I hope u understand

      • John Moffat says

        October 29, 2020 at 9:15 am

        Correct 馃檪

  2. kissme4560 says

    August 10, 2020 at 11:47 am

    this question are really good

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  3. graygunners says

    January 10, 2020 at 12:36 pm

    I just want to understand something. there are three ways
    1. 100/80 * 26
    2. 120/100 * 26
    3. 26*100/20

    like on absorption costing question about selling price,i got it wrong coz i am always confused when it comes to the three ways. like the way the questions are asked,how best can l know which one to use.?

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    • John Moffat says

      January 10, 2020 at 3:18 pm

      Unless the question specifically says differently, a profit margin is the profit as a % of the sales. A mark-up is the profit as a % of the cost.

      (It may help you to watch the Paper FA lectures on mark-ups and margins.)

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      • graygunners says

        January 13, 2020 at 11:54 am

        Thanks

      • riri2194 says

        November 8, 2020 at 5:31 pm

        Thank you ! you explained it so well in that lecture

    • SumaiyaBapu says

      November 27, 2020 at 7:33 pm

      Hello Sir,

      i hope you are well. One Qs; i do not understand why you did 100/80*26 Can you please explain?

      thank you,

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      • John Moffat says

        November 28, 2020 at 9:50 am

        If the profit is 20% of the sales then the cost must be 80% of the sales. Therefore the sales must be the cost divided by 80% (which is the same as multiplying by 100/80).

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