The price of a P&G product is collectively decided by five input factors viz. research, raw materials, labour, advertisements and transportation. The functional relationship of price with these factors is: Price = (k × Research costs × Raw material costs × Labour costs × Advertising cost × Transportation cost) if there are respective changes of 10%, 20%, -20%, 25% and 50% in the five factors, then find the change in the price of product.
85%
95%
98%
80%
none of these
Let initial Price be = 100
Final =
Change 198 - 100 = 98 %