Business Mathematics consists of Mathematical concepts related to business. It . Bank Exam · Government Exams · Education News. CLASSES. Kids Learning · Class 1.
This document contains 60 questions related to business mathematics. The questions cover topics such as set theory, unions and intersections of sets.
The longer answer: It depends on the level of complexity you'll get into within business, banking and finance. For instance, the Black-Scholes.
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In a standard bank account, any interest we earn is automatically added to our balance, and we earn interest on that interest in future years. This reinvestment.
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From Business Mathematics
Successive percentage changes are applied one after another.
Let the original price be 100.
Net change = 108 − 100 = +8 So, net percentage change = 8% increase.
(Shortcut: net % = a + b + (a×b)/100 = 20 + (−10) + (20×−10)/100 = 8.)
TC = 10,000 + 200Q. For Q = 150: TC = 10,000 + 200×150 = 10,000 + 30,000 = ₹40,000.
Fixed cost part = ₹10,000. Variable cost per unit = ₹200, so variable cost at Q=150 is ₹30,000.
Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
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MP = ₹5000 Trade discount = 20% Invoice price = 5000 × (1 − 20/100) = 5000 × 0.80 = ₹4000
Cash discount = 2% on invoice price Cash discount = 4000 × (2/100) = ₹80
Amount payable = Invoice price − Cash discount = 4000 − 80 = ₹3920
Answer: Amount payable is ₹3920.