BUSINESS MATHS WORKBOOK
BUSINESS MATHS WORKBOOK
Output Formula
A+B =array of matrix A+ array of matrix B
A-B =array of matrix A- array of matrix B
A*B =MMULT(array of matrix A, array of matrix B)
B*A =MMULT(array of matrix B, array of matrix A)
|A| =MDETERM(array of matrix A)
A' =TRANSPOSE(array of matrix A)
Adj A =MDETERM(array of Matrix A)*MINVERSE(array of Matrix A)
A-1 =MINVERSE(array of matrix A)
While applying formula always select resultant array first then put formula and
Note:
thereafter click "ctl+shift+enter" simultaneouly.
A B
4 5 3 8 6 3
6 3 5 5 7 1
2 7 9 4 9 4
12 11 6 12 11 6
A+B 11 10 6 B+A 11 10 6
6 16 13 6 16 13
-4 -1 0 4 1 0
A-B 1 -4 4 B-A -1 4 -4
-2 -2 5 2 2 -5
Multiplication
Number of columns in first matrix should be equal to number of rows in second matrix
mxn=nxp
69 86 29 74 79 81
AB 83 102 41 BA 64 53 59
87 142 49 78 75 93
Determinant of A -144
Determinant of B 107
Transpose of A 4 6 2
5 3 7
3 5 9
Transpose of B 8 5 4
6 7 9
3 1 4
-8 -24 16
-44 30 -2
36 -18 -18
ADJA(A)
-1
B=MMULT(MINVERSE(Array
=MDETERM(array
A-B A=array
AB A+B =MDETERM(array
=MINVERSE(arra
=MMULT(array
=array
-1
ofof
of Matrix
AoA
of Matri
Matrix
Matrix A -
+
7 5 3
AX= B
X = A inverse B
A-1 Err:502
A inverse x B #VALUE!
Err:502
A=array
MINVERSE(Array
M(array
=MDETERM(array
=MINVERSE(array
ofof
MULT(array
=array
-1
of Matrix
A of
A)*MINVERSE(array
of Matrix
Matrix
Matrix A + of
Matrix
of
A,Matrix
- array Matrix
ofA),array
array
arrayof A)A)
of of Matrix
Matrix
Matrix
Matrix BB of Matrix
B) B) A)
z 12
x
y
z
Example 9 Multiplication case
A P C
Market Unit Sold Price Cost
A B C A ₹ 2.50 A ₹ 1.70
I 8000 4000 16000 B ₹ 1.25 B ₹ 1.20
II 7000 18000 9000 C ₹ 1.50 C ₹ 0.80
2X3
Answers
R
Profit Matrix ₹ 0.80 A
(P-C) ₹ 0.05 B
₹ 0.70 C 3X1
AR ₹ 17,800.00 Market I
₹ 12,800.00 Market II
Example 12
(i) The total no. of posts of each kind in schools and colleges taken together:-
Peon Clerk Cashier S. Officer Lib
8100 2250 450 50 50
1x5
(ii) The total monthly salary bills of schools and colleges taken together:-
₹ 3,905,000.00
Linear Equation Basic Que
9x+10y+2z= 80
13x+5y+4z= 90
6x+10y+3z= 85
2x
X 4y
11 z
Cramer's Rule D1 D2
x D1/D 2 80 10 2 9 80 2
y D2/D 4 90 5 4 13 90 4
z D3/D 11 85 10 3 6 85 3
9 10 80 9 10 2
13 5 90 13 5 4
6 10 85 6 10 3
A
M1 M2 M3
P1 2 3 1
P2 4 2 5
P3 2 4 2
(i) Total requirement of each material if firm produces 100 units of each product
(ii) The per unit cost of each product if the per unit costs of material M1,M2 and M3 are Rs. 5, Rs. 10 and Rs. 5 respectively.
(iii) The total cost of production if firm produces 200 units of each product.
(iv) The number of each products that can be produced if firm has 1600, 1900 and 1700 units of material M1,M2 and M3 respectively.
800 M1
MAT REQ 900 M2
800 M3
(II)
A
M1 M2 M3 COST
P1 2 3 1 5 M1
P2 4 2 5 10 M2
P3 2 4 2 5 M3
3X3 3X1
45 P1
PRODUCT COST 65 P2
60 P3
(III) COST
P1 P2 P3 45 P1
200 200 200 65 P2
1X3 60 P3
3X1
34000
x #VALUE!
y
z
(iv)
A X B
P1 P2 P3
M1 2 4 2 x P1 1600
M2 3 2 4 y P2 1900
M3 1 5 2 z P3 1700
3X3 3X1
AX=B
X A INVERSE X B
Variable Cells
Cell Name Original Value Final Value Integer
$B$6 Decision Variables PRODUCT A 0 0 Contin
$C$6 Decision Variables PRODUCT B 0 12 Contin
$D$6 Decision Variables PRODUCT C 0 21 Contin
Constraints
Cell Name Cell Value Formula Status Slack
$E$10 M1 RESOURCE CONSUMED 90 $E$10<=$G$10 Binding 0
$E$11 M2 RESOURCE CONSUMED 54 $E$11<=$G$11 Binding 0
$E$12 M3 RESOURCE CONSUMED 87 $E$12<=$G$12 Not Binding 6
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Matrices.xlsx]LLP MAX EXP 7
Report Created: 28-11-2024 02:40:48
Variable Cells
Final Reduced Objective Allowable Allowable
Cell Name Value Cost Coefficient Increase Decrease
$B$6 Decision Variables PRODUCT A 0 -12.5 30 12.5 1E+030
$C$6 Decision Variables PRODUCT B 12 0 40 30 22.5
$D$6 Decision Variables PRODUCT C 21 0 35 45 15
Constraints
Final Shadow Constraint Allowable Allowable
Cell Name Value Price R.H. Side Increase Decrease
$E$10 M1 RESOURCE CONSUMED 90 7.5 90 36 36
$E$11 M2 RESOURCE CONSUMED 54 10 54 4.5 31.5
$E$12 M3 RESOURCE CONSUMED 87 0 93 1E+030 6
Microsoft Excel 16.0 Limits Report
Worksheet: [Matrices.xlsx]LLP MAX EXP 7
Report Created: 28-11-2024 02:40:48
Objective
Cell Name Value
$E$6 Decision Variables MAX PROFIT 1215
x,y,z>=0
EXAMPLE 13
x,y,z>=0
Minimisation
x,y,z>=0
BUSINESS MATHEMATICS PRACTICAL EXAM
WEIGHTAGE TOPICS
MATRICES 5 MARKS OR 10 MARKS ADDITION, MULTIPLICATION, INVERSE, CRAMER'S RULE
LPP 5 MARKS MAXIMISATION, MINIMISATION, MIXED CONSTRAINTS
MATHEMATICS OF FINANCE 10 MARKS OR 5 MARKS COMPOUNDING, PV, EQ OF VALUE, DEPRECIATION, ANNUITY