A manufacturer produces three products which he sells in two markets

MATHEMATICS · Multi-part · AP · AP Precalculus · Functions with Parameters, Vectors, and Matrices · Functions with Parameters, Vectors, and Matrices

Problem

7. A manufacturer produces three products x,y,zx, y, z which he sells in two markets. Annual sales are indicated below:
MarketProducts
I10,0002,00018,000
II6,00020,0008,000
(a) If unit sale prices of x,yx, y and zz are ₹2.50 ₹ 2.50, ₹ 1.50 and ₹ 1.00 , respectively, find the total revenue in each market with the help of matrix algebra. (b) If the unit costs of the above three commodities are ₹ 2.00 , ₹ 1.00 and 50 paise respectively. Find the gross profit.

Related theory

Browse the problem library