This is purely for me wanting to learn more math, this is not an assignment or test Q, I just want to improve my word problem ability, please help :(
A company currently sells 600 units of the product at a price of $20,000. Each unit costs $12,000 to produce. Based on its market research, it estimates that a 5% decrease in price will increase demand by 10%. What if the increase in demand is 15%?