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30 October, 10:22

When the price is $ 40 per radio, a producer will supply 90 radios each month for sale. For each $4 increase in price the producer will supply an additional 8 radios. How many radios are supplied if their per unit price is $76

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  1. 30 October, 12:30
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    Price for a radio = $ 40 for supply 90 radios in a month.

    Ratio of increase in price to the number of radios supplies in a month 4:8 that is 1:2.

    New unit price given = $76.

    Difference in unit price given in starting and New unit price = 76-40=$36

    So, increase in unit price = $36.

    Let us assume number of supplied increased = x radios for increase in unit price $36.

    So, we can setup a perportion as,

    1/2 = 36/x.

    On cross multiplication, we get

    1*x = 2*36

    x = 72.

    So, 72 is the increased number of radios in 90 radios.

    That is 72+90 = 162 radios each month.

    Therefore, 162 radios are supplied if their per unit price is $76.
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