Business Mathematics

It consist fundamentals of business mathematics from basics to advanced. Business mathematics notes is used by accounting professionals,commercial enterprises, commercial organizations to keep records for accounts,inventory,sales,marketing,finance to manage business operations ,sales fore casting & financial analysis.

It is important to have business mathematics skills which needed to an entrepreneur, industrialist ,business men to understand, analyse, and solve mathematical problems encountered in business and finance, and in investment decision making. Business mathematics is helpful for professionals and commerce,business,management students.

It almost cover all important topics of which are given below

Unit – 1. Ratio

Profit Ratio

Sacrifice ratio and gain ratio

Invoice price

Manager’s commission

Discount

Commission and brokerage

Average, Profit and loss

Unit – 2. Calculus

Elementry Differentiation

Second Order Partial Derivatives

Maxima and Minima

Euler's Theorem

Unit – 3. Elementary Matrices and Determinants

Matrices & types of matrices

Algebra of matrices

Elementary properties of determinants

Calculation of values of determinants up to second order

Unit – 4. Logarithms

Linear Programming

Problems relating to two variables including the case of mixed constraints

Simplex Method

Logarithms

Unit – 5. Simple & Compound Interest and Annuities

Simple & Compound Interest

Annuities

Concept of present value and amount of a sum types of annuities

Present Value with Continuous Compounding

Problems relating to sinking fund