math-guy
math-guy
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Assuming a straight line, we can approximate an answer. By lowering the price $20, sales went up by 3.5 million. So by lowering the price another $5 (1/4 of $20), we can guess that sales will go up by 1/4 of 3.5 million. 3.5/4 = 0.875 0.87…
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Assuming a straight line, we can approximate an answer. By lowering the price $20, sales went up by 3.5 million. So by lowering the price another $5 (1/4 of $20), we can guess that sales will go up by 1/4 of 3.5 million. 3.5/4 = 0.875 0.87…