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As elasticity of Q.D is given in the question. so by solving the answer answer is 5 . Since the price is falling the quantity demanded will increase .So the answer is 15
All the four option is wrong any formula using come to my answer 6.666 aproxx when we have putting orignal quantity X then your opption is write but concept follows changes in QD/changes in P x orignal price/orignal QD
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On 1st July, 2006, A sold goods to B priced at `6,000 subject to a deduction of -
% trade
discount and drew a bill on B for 3 months. B accepted the bill and returned it to A. A and B
mutually agreed that this bill should be discharged by a cash payment of `2,000 and a new bill
on such a date as would enable the latter to earn a rebate of `100 @ 10% p.a. The new bill would
be accepted for 2 months at 12% p.a. interest. The new bill was met on the due date.
To earn a rebate of `100, the date of payment should be
(