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D.M.1.1.4 Business Mathematics For Management: Assignment 01

The document contains a business mathematics assignment with 8 questions. Question 1 involves calculating target profit, labeled price, discount, and actual profit percentage given cost price. Question 2 finds the number of kilometers for which two transportation companies would have the same total charge. Question 3 involves solving a quadratic equation. The summary continues to briefly describe the calculations involved in each question.

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Oshani perera
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61 views11 pages

D.M.1.1.4 Business Mathematics For Management: Assignment 01

The document contains a business mathematics assignment with 8 questions. Question 1 involves calculating target profit, labeled price, discount, and actual profit percentage given cost price. Question 2 finds the number of kilometers for which two transportation companies would have the same total charge. Question 3 involves solving a quadratic equation. The summary continues to briefly describe the calculations involved in each question.

Uploaded by

Oshani perera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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D.M.1.1.

4 Business Mathematics
for Management
Assignment 01

Name: K.O.K Perera

Index no: DMM/2016/017


Question: 01

Target Profit 30%

Discount 10%

Actual Profit

Lets consider cost price as A

Then target profit


A x (30/100)
0.3A

Labeled Price

A + 0.3A
1.3A

Discount

1.3A x (10/100)
0.13A

Sold Price

1.3A 0.13a
1.17A

Actual Profit

1.17A- A
0.17A

Actual Profit Percentage

(0.17A/ A ) x 100%
17%

2|Page
Question: 02

Lets Consider Ikman as A and Araksha as B

Charges per day (rs) Chargers per Km (rs)

A 4000 20

B 3200 25

No of kilometers = x

Total amount = y

So,

4000 + 20x = y .. (1)

3200 + 25x=y (2)

Here (1) = (2)

4000 + 20x = 3200 + 25x

800 = 5x

x = 160 km

The no of kilometers which two companies have same total charge is 160
km.

3|Page
Question: 03

+1)

4|Page
Question: 04

Fixed cost = rs. 8500/= (FC)

Variable cost = rs. 30/= ( VC)

No of units = x

Selling price = rs. (250- x)

a. Cost function

C = VC + FC

C = 30x + 8500

Total revenue

R = Px

R = (250 x ) x

R = 250 x x2

b.
I. The break even point

Revenue = Cost

250x x2 = 30x +8500

-x2 + 220x 8500 = 0

x2 220 + 8500 = 0

5|Page
II. Maximum Production



III. The profit earned at the production level of 90 units

(2500 x 3) (30x + 8500)


( 250 x 90 902) ( 30 x 90 + 8500)
14400- 11200
3200

6|Page
Question: 05

Time required for fastest machine = t

Time required for slowest machine = t+3

Time required for both = 216 min

time required for produce 1 unit,

Fastest machine 1000/t.. (1)


Slowest machine 1000/t+180 (2)

Lets consider fastest machine produce x units and slowest machine produce
1000 x units ,

Then

.. (3)

If we consider about the situation that both machine are working, lets think
fastest machine take h time and slowest machine take h+ 180 time

Then , h + (h + 180) = 216

So h= 36/2

18 min

So time required to fastest machine to produce 1 unit,


& its equal to (1)

7|Page
by substitute to (3)

8|Page
Question: 06

Debt = rs. 300,000/=

Duration = 6years

Paid off = rs. 150000/=

Exceed time period = 1 year

Rate = 6%

So monthly payment is rs. 12908.78/=

9|Page
Question: 07

I. Amount of deposit (p) = 250,000/=


Interest compounded monthly= 13%

When ajith is 18 years old,

If the amount in the account after 18 years = S

II. Effective rate monthly =




So interest per month
2562850 x 13.80%
353673.30/=

10 | P a g e
Question: 08

I. A = 5580000.00
r = 13.2%
t=12
i= 0.132/12
n=15 x12= 180

So monthly payment will be rs. 71,337.25/=

II. 8x12=96

]

3,897,997.044/=
III. total interest paid

nR-A
180x 71333.25- 5580000
12840705-5580000
7260705/=

So the total interest paid was rs.7,260,705.00/=

11 | P a g e

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