✓ 4 MARKS
Case Study
🔥 APPEARED IN 3 BOARD SETS
A store has been selling calculators at ₹ 350 each. A market survey indicates that a reduction in price (p) of calculator increases the number of units (x) sold. The relation between the price and quantity sold is given by the demand function $p = 450 - \frac{1}{2}x$. Based on the above information, answer the following questions: (i) Determine the number of units (x) that should be sold to maximise the revenue $R(x) = xp(x)$. Also, verify the result. (ii) What rebate in price of calculator should the store give to maximise the revenue?
01 // VERIFIED BOARD OCCURRENCES
| Year | Paper Code | Set | Position |
|---|---|---|---|
| CBSE 2024 | Series Other | Set 1 | Question 36 |
| CBSE 2024 | Series Other | Set 1 | Question 38 |
| CBSE 2024 | Series Other | Set 1 | Question 37 |
02 // OFFICIAL CBSE MARKING SCHEME BREAKDOWN
- Step 1: Stating the fundamental formula / law statement (+1 Mark)
- Step 2: Intermediate mathematical substitution or proof steps (+1 Mark)
- Step 3: Correct final value or conclusion with mandatory SI units (+1 Mark)