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Refer the advantage of Business Mathematics?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Renju M.R asked about 2 years ago

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Urmil answered about 2 years ago

Business mathematics is 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. Following are some of the advantages of business mathematics 1. With interest rate of maths, businessman can calculate the interest on debt, loan or bonds. 2. With matrix , businessman can calculate salary bill of different department and branches. 3. With Linear programming , business can determine the quantity of two products at which profit is maximize or cost is minimize. 4. With discounting and factoring technique businessman can calculate present value of bill, rate of discounting the bill and banker's gain. 5. With currency translation formula of maths, businessman can cost of currency between two countries. 6. With Assignment solution technique businessman can solve transportation problems. 7. Large number of business estimations are done on the basis of probability theory of business mathematics.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered about 2 years ago

Business mathematics is 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. Following are some of the advantages of business mathematics 1. With interest rate of maths, businessman can calculate the interest on debt, loan or bonds. 2. With matrix , businessman can calculate salary bill of different department and branches. 3. With Linear programming , business can determine the quantity of two products at which profit is maximize or cost is minimize. 4. With discounting and factoring technique businessman can calculate present value of bill, rate of discounting the bill and banker's gain. 5. With currency translation formula of maths, businessman can cost of currency between two countries.

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Open uri20170510 32134 ivjxpn?1494421728 Shreedhar Sutar answered about 2 years ago

Hi Renju M.r Business mathematics is 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. Following are some of the advantages of business mathematics 1. With interest rate of maths, businessman can calculate the interest on debt, loan or bonds. 2. With matrix , businessman can calculate salary bill of different department and branches. 3. With Linear programming , business can determine the quantity of two products at which profit is maximize or cost is minimize. 4. With discounting and factoring technique businessman can calculate present value of bill, rate of discounting the bill and banker's gain. 5. With currency translation formula of maths, businessman can cost of currency between two countries. 6. With Assignment solution technique businessman can solve transportation problems. 7. Large number of business estimations are done on the basis of probability theory of business mathematics. 8. Market research bureau can use consistency data theory of business mathematics for calculating estimating profit , capital and sale of business.

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