Question No. 06 Pr Fiona Company is a cosmetic product manufacturer and following information relates to product K for the period 1 Find the linear relationship between price (P) and the quantity demanded (O), ie. Find the straight-line demand equation (P-a +bQ) in relation to the following sales and demand dato Selling price per unit Sales quantity per month Rs. Units 200 1,000 220 950 Required: Using the equation of a straight line predict the quantity demanded per month if the i selling price is Rs. 300. (05 Marks) ii If marginal revenue a-2bQ, when the selling price (P)- a + bQ, calculate the profit maximizing selling price for product K. Assume that the variable cost for the product is Rs. 100 per unit. (04 Marks) 11 marimem CacaRate contribation