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