Question

Company Y thinks they can increase sales by lowering the price of their product. If they currently sell 1,000 units a month at $110, how many more units will they have to sell at $100 to get the same amount of revenue?

Answer 1

100 more units to be sold.

Explanation:

Given that company Y It is found that there is about a 32​% chance of getting such results with a diet that has no effect.

Current sales in units = 1000

Rate = 110 dollars

Total current revenue =
`1000(110) = 110000`

New selling price =100

Hence no of units to be sold to get same revenue =
`(110000)/(100) =1100`

1100 units i.e. 100 more units to be sold.