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Ex 10.2

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Last updated at Feb. 3, 2020 by Teachoo

Ex 10.2, 17 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 be P along x-axis & demand of milk be D along y-axis We know that the equation of line is y = mx + c Here, P is along x-axis and D is along y-axis So, our equation becomes D = mP + c Now, Owner sells 980 litre milk at Rs 14 /litre So, D = 980 & P = 14 satisfies the equation Putting values in (1) 980 = 14m + c Owner sells 1220 litre milk at Rs 16/litre So, D = 1220 & P = 16 satisfies the equation Putting values in (1) 1220 = 16m + c So, our equations are 980 = 14m + c 1220 = 16m + c From (A) 980 = 14m + c 980 − 14m = c Putting value of c in (B) 1220 = 16m + 980 − 14m 1220 – 980 = 16m − 14m 240 = 2m 240/2 = 2 120 = m m = 120 Putting m = 120 in (A) 980 = 14m + c 980 − 14m = c 980 − 14(120) = c 980 − 1680 = c −700 = c c = –700 Putting value of m & c in (1) D = mP + c D = 120P − 700 Hence, the required equation is D = 120P − 700 We need to find how many litres could he sell weekly at Rs 17/litre i.e. we need to find D when P = 17 Putting P = 17 in the equation D = 120P − 700 D = 120(17) − 700 D = 2040 − 700 D = 1340 Hence when price is Rs 17/ litre, 1340 litres milk could be sold