Price of a soap is collectively decided by 5 factors : research, raw materials, labour, ad and transport. assume functional relation is
Price of soap = (k x research costs x raw material costs x labour costs x ad costs x transport costs)
If there are resp changes of 10% 20% - 20% 25 % and 50 %, Find the change in price of soap.
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let price be 100
100==10%,==110==20%==132==-20%==105.6==25%==132==50%==198
The change in the price of soap=98%
Change in the price,
100 == 10% == 110 ==20%==132 ==20% == 158.4 == 25% == 198 ==50% ==>297.
Change in price = 197%.