“Applications of Business Mathematics
in Real Life”
Mathematics is the “father of all Sciences” and is defined as:
“The abstract science of number, quantity, and space, either as abstract
concepts ( pure mathematics), or as applied to other disciplines such as
physics and engineering ( applied mathematics)”
Business Mathematics:
• Business mathematics is used by commercial enterprises to record
and manage business operations.
• Commercial organizations use mathematics in accounting,
inventory management, marketing, sales forecasting, and financial
analysis
 Doctors use math when they write prescriptions.
 Medical professionals use math when drawing up statistical graphs
of epidemics or success rates of treatments.
 Math applies to x-rays.
  Doctors need to figure out how many milligrams of medication
each patient will need, depending on their weight. i.e
I kilogram = 1000 gram
I liter =1000 milliliter
 Doctors must also consider how long the medicine will stay in
the patient’s body.
 Knowledge of algebra to understand calculations of acid–base
status
 People on medication need to understand different dosages,
whether in grams or milliliters.
. Math is also involved in measuring blood pressure.
 Mathematics has an important role in the production
of products.
 Each and every shoe, shirt, sweater, etc have give
numbers, which represent size.
 In shaving machine, numbers are give to each size of
hair cut
 That ingredients have relationships to each other in a
recipe is an important concept in cooking.
 All recipes are written to serve a certain number of people or yield a
certain amount of food. 
 Precision matters when it comes to adding and combining
ingredients
 Planning meals and making a grocery list demand basic math skills.
 It is a branch of mathematics concerning the study of structure, relation, 
and quantity. For example
 Suppose , we are to appoint a person for some domestic
purpose .We give him two option for salary per month as :
(1)Rs. 25 daily
(2)Rs.5 for the first day and keep on increasing Rs. 2 to the
pervious days for the next day
Which option will be better for him ?
(2) option is better:
As in the (1) option he will get only25× 30 = Rs. 750
And in the (2) option he will get = 5 +7+9 +...+ upto 30 terms
= Rs. 1020. ( sum of 30 terms of A.P.)
Mathematics is used in marketing
 Marketing Research
 Evaluating the data
 Decision support systems
 Pricing strategy
 Promotion
 Advertising
 Market research analysts use math every day
as they perform the following tasks.
 Analyze statistical data on past sale to predict
future sales gather data on competitors and
analyze price, sale and procedure for collecting
the data.
 Evaluate product and consumer data and make
recommendation to the firm management or
client so that decisions can be make on
promotion distribution, design and pricing of
goods and services.
Discount : Reduction from the full amount of a price .
The following are the 4 types of discounts which we see are
1. Simple Discount. Offer a price reduction on a product by a percentage. For
example, buy a shirt and receive 25 % off the original price.
2. Minimum Purchase Discount. Offer a price reduction on a minimum quantity
purchase. For example, buy two shirts and receive 20 % off each shirt.
3. Buy N, Get one Free. Offer a free gift with a minimum quantity purchase. For
example, buy two shirts and receive a third shirt for free.
4. Paired Discount. Offer a price reduction on a product if another product is
purchased. For example, buy a shirt and receive Rs.10 off a pair of jeans.
Examples
:
 Banking is the business of managing money, and where money
is involved everything must be carefully assessed, valued and
measured.
 Bank is full of transactions. In turn the transaction is nothing
but mathematics
 Bank use math to balance accounts. Every credit and debit
must be entered and the accounts must be balanced at the end
of each business day
 Without the use of math, the banks would not be able to
determine overdrafts or overages.
 Loans involve complex mathematics.
 Interest is calculated and added to a person's account at regular
intervals, depending on what their account type dictates.
Simple interest= Principal Amount x interest rate x Years
  Banks are also involved in stocks and bonds.  Bond calculation are
mathematical.
 Stock options are also quite mathematical.
Total share cost= Market Value + Brokerage Fees
 Mathematics is also used in sports.
 For example : Cricket, In it we count runs, we calculate how much
runs is needed in an over( run rate) so as to beat the opponent. 
 Averages, Economy rate, Run rates graphs, graphs for comparison,
all require Mathematics.
 In other games such as Basketball, Bowling, Pool we need to know at
what angles must I launch my ball/stick so that it is achieved
correctly.
 A great snooker player always analyses the geometry before
striking. 
For example an archery target consist of 5 concentric as shown.
In how many ways 5 scoring arrows exam 29 points?
To calculate it they use the following equation:
a + b + c + d + e = 5
let
a = the number of 9 points arrow
b = the number of 7 points arrow
c = the number of 5 points arrow
d = the number of 3 points arrow
e = the number of 1 point arrow
9a + 7b + 5c + 3d + 1e = 29
a(9) b(7) c(5) d(3) e (1)
3 0 0 0 2
2 0 2 0 1
2 1 0 1 1
1 2 1 0 1
1 2 0 2 0
1 1 2 1 0
1 0 4 0 0
0 4 0 0 1
0 3 1 1 0
0 2 3 0 0
There are 10 ways to attain score of 29 with five arrows.
This example shows that math's can be used in sports for calculating scores
and points.
 Alan Turing (1912-1954)
 Mathematician who
saved the world…..
 The man who broke
Enigma..
A German machine used in World War II to
encode and decode messages…
Germans used to send encoded messages about
attacks to their military through Enigma…
A puzzle of Alphabets..
 Number of possible settings:
159 ,000,000,000,000,000,000
(159 million million million)
 Only source of the German communication.
 New setting every day.
 About 4 men died every minute because of
Enigma
 A machine made by Alan Turing to break the
Enigma… (1939-1940)
 It was totally based on mathematical logics.
Alan Turing's own sketch of the logical principle of his Bombe.
 Shortened the war by 2 years...
 Saved over 14 Million lives…
His work inspired generations of research called
“Turing Machines”
Today we call them Computers…
SHAYAN WAZIR
 Welcome to Cube
Village, built by Dutch
architect Piet Blom. His
tilted, geometric
houses — built on top
of a pedestrian bridge
to mimic an abstract
forest.
 Pyramids were made
almost in 2560BC and
give a great view
about that times
architecture.
 Uses the Pythagorean
Theorem which can
be expressed as
a² + b² = c²
 The Parthenon has
been claimed to
follow the proportions
of the golden
rectangle.
Which is based on
1:1.618
When Gustave Eiffel was
making the Eiffel Tower,
he had to think about
wind resistance. He put a
 curve on the outer edges
so the tower wouldn't fall.

Mathematics

  • 2.
    “Applications of BusinessMathematics in Real Life”
  • 3.
    Mathematics is the“father of all Sciences” and is defined as: “The abstract science of number, quantity, and space, either as abstract concepts ( pure mathematics), or as applied to other disciplines such as physics and engineering ( applied mathematics)” Business Mathematics: • Business mathematics is used by commercial enterprises to record and manage business operations. • Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis
  • 4.
     Doctors usemath when they write prescriptions.  Medical professionals use math when drawing up statistical graphs of epidemics or success rates of treatments.  Math applies to x-rays.   Doctors need to figure out how many milligrams of medication each patient will need, depending on their weight. i.e I kilogram = 1000 gram I liter =1000 milliliter
  • 5.
     Doctors mustalso consider how long the medicine will stay in the patient’s body.  Knowledge of algebra to understand calculations of acid–base status  People on medication need to understand different dosages, whether in grams or milliliters. . Math is also involved in measuring blood pressure.
  • 6.
     Mathematics hasan important role in the production of products.  Each and every shoe, shirt, sweater, etc have give numbers, which represent size.  In shaving machine, numbers are give to each size of hair cut
  • 7.
     That ingredientshave relationships to each other in a recipe is an important concept in cooking.  All recipes are written to serve a certain number of people or yield a certain amount of food.   Precision matters when it comes to adding and combining ingredients  Planning meals and making a grocery list demand basic math skills.
  • 9.
     It is a branch of mathematics concerning the study of structure, relation,  and quantity. For example  Suppose, we are to appoint a person for some domestic purpose .We give him two option for salary per month as : (1)Rs. 25 daily (2)Rs.5 for the first day and keep on increasing Rs. 2 to the pervious days for the next day Which option will be better for him ? (2) option is better: As in the (1) option he will get only25× 30 = Rs. 750 And in the (2) option he will get = 5 +7+9 +...+ upto 30 terms = Rs. 1020. ( sum of 30 terms of A.P.)
  • 10.
    Mathematics is usedin marketing  Marketing Research  Evaluating the data  Decision support systems  Pricing strategy  Promotion  Advertising
  • 11.
     Market researchanalysts use math every day as they perform the following tasks.  Analyze statistical data on past sale to predict future sales gather data on competitors and analyze price, sale and procedure for collecting the data.  Evaluate product and consumer data and make recommendation to the firm management or client so that decisions can be make on promotion distribution, design and pricing of goods and services.
  • 12.
    Discount : Reduction from thefull amount of a price . The following are the 4 types of discounts which we see are 1. Simple Discount. Offer a price reduction on a product by a percentage. For example, buy a shirt and receive 25 % off the original price. 2. Minimum Purchase Discount. Offer a price reduction on a minimum quantity purchase. For example, buy two shirts and receive 20 % off each shirt. 3. Buy N, Get one Free. Offer a free gift with a minimum quantity purchase. For example, buy two shirts and receive a third shirt for free. 4. Paired Discount. Offer a price reduction on a product if another product is purchased. For example, buy a shirt and receive Rs.10 off a pair of jeans.
  • 13.
  • 14.
     Banking isthe business of managing money, and where money is involved everything must be carefully assessed, valued and measured.  Bank is full of transactions. In turn the transaction is nothing but mathematics  Bank use math to balance accounts. Every credit and debit must be entered and the accounts must be balanced at the end of each business day  Without the use of math, the banks would not be able to determine overdrafts or overages.  Loans involve complex mathematics.
  • 15.
     Interest iscalculated and added to a person's account at regular intervals, depending on what their account type dictates. Simple interest= Principal Amount x interest rate x Years   Banks are also involved in stocks and bonds.  Bond calculation are mathematical.  Stock options are also quite mathematical. Total share cost= Market Value + Brokerage Fees
  • 16.
     Mathematics isalso used in sports.  For example : Cricket, In it we count runs, we calculate how much runs is needed in an over( run rate) so as to beat the opponent.   Averages, Economy rate, Run rates graphs, graphs for comparison, all require Mathematics.  In other games such as Basketball, Bowling, Pool we need to know at what angles must I launch my ball/stick so that it is achieved correctly.  A great snooker player always analyses the geometry before striking. 
  • 17.
    For example anarchery target consist of 5 concentric as shown. In how many ways 5 scoring arrows exam 29 points? To calculate it they use the following equation: a + b + c + d + e = 5 let a = the number of 9 points arrow b = the number of 7 points arrow c = the number of 5 points arrow d = the number of 3 points arrow e = the number of 1 point arrow 9a + 7b + 5c + 3d + 1e = 29
  • 18.
    a(9) b(7) c(5)d(3) e (1) 3 0 0 0 2 2 0 2 0 1 2 1 0 1 1 1 2 1 0 1 1 2 0 2 0 1 1 2 1 0 1 0 4 0 0 0 4 0 0 1 0 3 1 1 0 0 2 3 0 0 There are 10 ways to attain score of 29 with five arrows. This example shows that math's can be used in sports for calculating scores and points.
  • 19.
     Alan Turing(1912-1954)  Mathematician who saved the world…..  The man who broke Enigma..
  • 20.
    A German machineused in World War II to encode and decode messages… Germans used to send encoded messages about attacks to their military through Enigma… A puzzle of Alphabets..
  • 22.
     Number ofpossible settings: 159 ,000,000,000,000,000,000 (159 million million million)  Only source of the German communication.  New setting every day.  About 4 men died every minute because of Enigma
  • 23.
     A machinemade by Alan Turing to break the Enigma… (1939-1940)  It was totally based on mathematical logics. Alan Turing's own sketch of the logical principle of his Bombe.
  • 25.
     Shortened thewar by 2 years...  Saved over 14 Million lives…
  • 26.
    His work inspiredgenerations of research called “Turing Machines” Today we call them Computers…
  • 27.
  • 29.
     Welcome toCube Village, built by Dutch architect Piet Blom. His tilted, geometric houses — built on top of a pedestrian bridge to mimic an abstract forest.
  • 30.
     Pyramids weremade almost in 2560BC and give a great view about that times architecture.  Uses the Pythagorean Theorem which can be expressed as a² + b² = c²
  • 31.
     The Parthenon has beenclaimed to follow the proportions of the golden rectangle. Which is based on 1:1.618
  • 32.
    When Gustave Eiffelwas making the Eiffel Tower, he had to think about wind resistance. He put a  curve on the outer edges so the tower wouldn't fall.