Transcript importants of business mathematics and its application.

‫بسم هللا‪١‬لرحمن الرحيم‬
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HABIBUL ISLAM HAMDU
BBA Student
Session – July to December 2013
Department of Marketing, HUB.
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IMPORTANTS OF BUSINESS
MATHEMATICS AND ITS
APPLICATION.
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The Presentation consist of two chapter, as follows :
Chapter – 1: Introduction
Chapter – 2: Business Application.
(i)
(ii)
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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. Mathematics
typically used in commerce includes elementary arithmetic,
elementary algebra, statistics and probability. Business management
can be made more effective in some cases by use of more advanced
mathematics such as calculus, matrix algebra and linear
programming.
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The Importance of Mathematics In Business
Mathematics plays an important role in our every day life, for
example we have to be able to calculate the discount in a shopping
mall, the interest when we get a loan from the bank, when we change
money into a different currency, just to make sure we are not being
taken advantage of, calculate the score in a class exam or our car
mileage, all these to make our life easier.
Mathematics is used in some of the top jobs such as business
consultants, computer consultants, company directors; these jobs
require a solid understanding of basic mathematics and in some cases
require a quite detailed knowledge of mathematics. ''Business
management requires a basic knowledge of mathematics to record and
manage business operations like: elementary arithmetic such as
fractions and percentages, algebra, statistics and probability as well as
by using more advanced mathematics like calculus, matrix algebra and
linear programming''
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Problem: Solve
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Given :
=›
=›
=›
=›
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=›
Either, x-a=0
=›X=a
or,
=›
=›
=›
The required solution are
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Any Question or
Suggestions please?
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THANKS TO All
May Allah Bless Us all
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