Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Calculus

Question:

A chocolate bar sells for ₹20. What is the total revenue and average revenue by selling 30 bars?

Options:

Total Revenue = ₹20, Average Revenue = ₹600

Total Revenue = ₹600, Average Revenue = ₹20

Total Revenue = ₹30, Average Revenue = ₹20

Total Revenue = ₹600, Average Revenue = ₹30

Correct Answer:

Total Revenue = ₹600, Average Revenue = ₹20

Explanation:

The correct answer is Option (2) → Total Revenue = ₹600, Average Revenue = ₹20

Price $p = ₹20$

Total revenue by selling 30 bars = $₹(30 × 20) = 600$

Average revenue by selling 30 bars = $\frac{R}{x}=₹\frac{600}{30}=₹20$