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      Question

      If the store plans to increase the selling price of

      Electronics by 10% in the next quarter, what will be the new selling price? Calculate the expected revenue if the same number of units are sold. Direction: A retail store sells three types of products: Electronics, Clothing, and Furniture. The following table summarizes the sales data for each product over a six-month period, including the number of units sold, the cost price (CP), and the selling price (SP).
      A New SP ₹1,650, Expected Revenue ₹1,800,000 Correct Answer Incorrect Answer
      B New SP ₹1,650, Expected Revenue ₹2,310,000 Correct Answer Incorrect Answer
      C New SP ₹1,600, Expected Revenue ₹2,600,000 Correct Answer Incorrect Answer
      D New SP ₹1,700, Expected Revenue ₹2,700,000 Correct Answer Incorrect Answer
      E New SP ₹1,750, Expected Revenue ₹2,750,000 Correct Answer Incorrect Answer

      Solution

      New Selling Price for Electronics = 1,500 + (10% of 1,500) = 1,500 + 150 = ₹1,650 Expected Revenue for Electronics = 1,400 × 1,650 = ₹2,310,000

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