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Changes in Trade Payables

The demand fo...

Question

The demand for a product is 25 units when the price is Rs.10, however the demand rises to 26 when the price is reduced to Rs. 9.9 per unit. What is the total revenue from sale of 26 units?

A

Rs. 7.4

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B

Rs. 9

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C

10

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D

257.4

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Solution

The correct option is D 257.4
Total revenue refers to the total money earned from the sale of a specified level of output given the price at which it was quoted.
Total Revenue = Quantity x Price
Total revenue from the sale of 26 units,
Total revenue = Rs. 26 x 9.9
= Rs. 257.40.

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