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The business is selling 175 units at present and the current per-unit selling price of the product is Rs. 3.5. The total revenue of the business is Rs. 613. Use a one-way data table to analyse the impact of change per unit selling price on total revenue.______ is the total revenue when the selling price is Rs. 5Options :875700613175

Question

The business is selling 175 units at present and the current per-unit selling price of the product is Rs. 3.5. The total revenue of the business is Rs. 613. Use a one-way data table to analyse the impact of change per unit selling price on total revenue.______ is the total revenue when the selling price is Rs. 5Options :875700613175

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Solution

The total revenue of a business is calculated by multiplying the number of units sold by the selling price per unit. In this case, if the business is selling 175 units at a new price of Rs. 5, the total revenue would be 175 units * Rs. 5/unit = Rs. 875. Therefore, the total revenue when the selling price is Rs. 5 is Rs. 875.

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