[pritir]

That is great. Thank you so much.

[pritir]

Ok. The question is as below-

Market research into demand for a product indicates that when the selling price per unit is $145, demand in each period will be 5000 units; if the price is $120 demand will be 11,250 units. It is assumed that the demand function for this product is linear. The variable cost per unit is $27.
What selling price should be charged in order to maximise the monthly profit?

Thank you.

[pritir]

Thank you so much for this suggested link. It has given me the confidence to answer the Type C Qs. Looking at the marking system, doesn’t seem like they are expecting an essay from us. The length of the answers in the BPP exam kit made me really worried. Thank you again sir.

[pritir]

Thats brilliant. Thanks John.
Makes perfect sense.

[Author]

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