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A manufacturer produces 3 products x, y, z which he sells in 2 markets If unit sale prizes of X, y, Z are 2.5, 1.5,1.find the total revenue by using matrix algebra

Posted by Rao Raghava 3 years, 9 months ago

Entrance Exam > JEE main > Mathematics

2 answers

Mohd Wajid 3 years, 7 months ago

I want exercise 2.3 hole question and with solution

Gaurav Seth 3 years, 9 months ago

(a) The unit sale prices of <i>x</i>, <i>y</i>, and <i>z </i>are respectively given as Rs 2.50, Rs 1.50, and Rs 1.00.

Consequently, the total revenue in market I can be represented in the form of a matrix as:

The total revenue in market II can be represented in the form of a matrix as:

Therefore, the total revenue in market I isRs 46000 and the same in market II isRs 53000.

(b) The unit cost prices of <i>x</i>, <i>y</i>, and <i>z </i>are respectively given as Rs 2.00, Rs 1.00, and 50 paise.

Consequently, the total cost prices of all the products in market I can be represented in the form of a matrix as:

Since the total revenue in market I isRs 46000, the gross profit in this marketis (Rs 46000 − Rs 31000) Rs 15000.

The total cost prices of all the products in market II can be represented in the form of a matrix as:

Since the total revenue in market II isRs 53000, the gross profit in this market is (Rs 53000 − Rs 36000) Rs 17000

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