Scribd
Upload
48 views9 pages

Business Mathematics

Uploaded by

r.mahmud.rohan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
48 views9 pages

Business Mathematics

Uploaded by

r.mahmud.rohan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 9

Basic text books:

1.Applied Mathematics:For business, economics and the social sciences-


Ann J. Hughs.
2.Mathematics for managerial decision
R.L. Childress
3.Essential Mathematics for business and economics
Teresa Bradley,Paul Patton
Second edition
4.Fundamental methods of Mathematical economics:Chiang A.C
Reference books:

1.Business Mathematics:
D.C. Sancheti, V.K. Kapoor
2. Business Mathematics
M. A. Taher
What is business mathematics?

Business Mathematics focuses on the application of mathematical


concepts and techniques to solve real-world business problems.

It covers various topics, including financial


mathematics, probability, statistics, linear programming, and game
theory, among others.

Business Mathematics is an interdisciplinary field that combines


mathematical concepts with business principles and practices.

It helps students develop strong analytical and problem-solving


skills that are essential for making informed decisions and
managing complex business scenarios.
Why study business Mathematics
1. To advance the career by providing specialized knowledge and skills that are in demand in the job market.
2. It can give you a competitive edge over other candidates and open up opportunities for higher-paying and more rewarding positions.

3. To develop strong analytical skills that are essential for analyzing complex business problems and making informed decisions, how to approach problems
systematically, break them down into smaller components, and solve them using mathematical models and techniques.
4. It helps you how to use mathematical models and techniques to analyze data, manage risks, plan
finances, and optimize operations providing the practical skills in the workplace.

5. Business Mathematics provides you with tools to make informed decisions based on data analysis
and modelling, which can lead to improved business outcomes.
Importance of business mathematics:

Data Analysis: Business Mathematics provides tools and techniques to analyze business data, which is crucial for making informed
decisions.

Risk management: This course helps businesses to manage risks by identifying potential risks and developing strategies to mitigate
them.
Financial Planning: Business Mathematics helps businesses to plan and manage their finances effectively. It
involves the use of mathematical models to forecast future revenues and expenses.

Optimization: This course helps businesses to optimize their operations, improve efficiency, and reduce costs.
Some basic terms used in Business Mathematics:

Selling price:The market price is taken to sell a product.


Cost price:The original price of the product.
Profit:
Loss:
Discount:
Simple interest:
Compound interest:
Some examples:
1. A music system was bought for Rs.10,500 and sold at Rs.9,500. Find the amount of profit or loss.

2. A pair of shoes is bought at Rs 200 and sold at a profit of 10%. Find the selling price of the shoes.
Profit=10%of 200
S.P.=C.p+Profit.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy