Untitled-18 [download.nos.org]
The variable cost is estimated to be 30% of the total revenue when it is sold at a rate of Rs. 20 per unit. Find the total revenue, total cost and profit functions. Solution : (i) Here, price per unit (p) = Rs. 20 Total Revenue R ( x ) = p. x = 20 x where x is the number of units sold. (ii) Cost function 30 C(x)18000R(x) 100 =+ 30 1800020x 100 ... ................
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