IIM Kozhikode - An exporter estimates with certainty that a 26\% higher price for his product will decrease the volume of sales in a foreign market by 30\%. After having to increase the price by 26\%, the revenue obtained from sales in that market turned out to be INR 44.1 Cr. What would the revenue have been if the exporter had been allowed to sell at the old price? | PYQs + Solutions

IIM Kozhikode

Arithmetic

Medium

$\text{Rs } 55.57 \text{ Cr}$

$\text{Rs } 50 \text{ Cr}$

$\text{Rs } 63 \text{ Cr}$

$\text{Rs } 45.86 \text{ Cr}$

✅ Correct Option: 2

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