The owner of a milk store finds that, he can sell 980 litres of milk each week at Rs.14/litre and 1220 litres of milk each week at Rs. 16/litre. Assuming a linear relationship between selling price and demand, how many litres could he sell weekly at Rs.17/litre?
The owner of a milk store finds that, he can sell 980 litres of milk each week at Rs.14/litre and 1220 litres of milk each week at Rs. 16/litre. Assuming a linear relationship between selling price and demand, how many litres could he sell weekly at Rs.17/litre?
Let selling price is denoted by = Rs. Y and demand = x litre.
A.T.Q. y = ax + b …(i)
Now, when x = 980 litre, and y = Rs.14/litre
14 = 980 a + b …(ii)
Again when x = 1220 and y = Rs.16/litre
16 = 1220 a + b …(iii)
From (ii) and (iii), we get
1220a – 980 a = 2
or 240a = 2
or a =
Putting the value of a in (ii)
980 ×
= 14
⇒ b = 14 -
=
=
=
Now a =
and b =
and y = 17
From y = ax + b
17 =
× x +![]()
⇒
× 17 -
-
x =
= 1340
Hence, x = 1340 litres.
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