business mathematics assignment

1. IN BUSINESS
A P P L I C A T I O N O F

2. • Business mathematics gives the
students expanded knowledge of
mathematic applications for personal use
and business applications.
• Business mathematics is mathematics
used by commercial enterprises to
record and manage business operations.
• Examples used for problems in Business
Mathematics are usually real-life
problems from the business world.

3. Cost of manufacturing a
product
Break-even analysis
Quality control
Time study

4. A.
Compute break-
even point in
number of
manufactured units
B.
Compute percent
of defective goods
D.
Compute
dimensions of
packaging
containers
C.
Use time and study
results to compute
number of units that
can be produced and
percent of time on task

5. ARITHMETIC
Ratio and Proportions
Simple and Compound Interest
Bill discounting and Average due date
ALGEBRA
Set theory and application of Venn diagram
Permutations and Combinations
Quadratic equations
Determinants and Matrices

6. CALCULUS
Derivatives
Maxima and Minima
Functions , Limit and Continuity
STATISTICS
Co relation and Regression
Index numbers
Time series
Probability

8. • Business maths plays a vital role in creating the base of the
business. In a business, it is very important to analyse the
costs associated with the production of goods and services
such as cost of raw materials, plant & machinery, rent, wages,
marketing, administrative expenses, warehousing, interest as
well as repayment of loans, etc. Only after analysing all the
costs, estimation of profits can be done and in this whole
process, commercial maths plays a prominent role.
• Business Maths helps in assessing the financial performance
of the business. It helps in estimating the incomes &
expenditures along with the risk analysis. It also helps in the
assessment of the rivals and their key areas along with their
business strategies.

9. Business Mathematics is closely linked to
statistical principles that provide answers to
business challenges. Every business generates a
profit and a loss. To discover these aspects, we
must study basic mathematical topics such as
profit and loss formulas, percentages, discounts,
and so on. Even while this subject does not require
pure mathematics, it does involve mathematical
reasoning and some mathematical formulas.

10. BY : TANK KESHVI NILESH
ID: 22BBA049