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