100 1 Kwacha per Suppose consumers will purchase q units of

100 +1 Kwacha per Suppose consumers will purchase q units of a product at a price of p unit. What is the minimum number of units that must be sold in order that sales revenue is greater than K5. 000? 24.

Solution

p = (100/q) + 1

Total revenue (TR) = p x q = q x [(100/q) + 1] = 100 + q

When TR > 5,000,

(100 + q) > 5,000

q > 4,900 units