You are on page 1of 6

TUTORIAL 1 (WEEK 1)

1.

Solve the following linear equations:


(a)
5 x 2 13

+ = x
3 2

x2 52 x x
+
=
5
3
7

(b)

2.

If the perimeter of a rectangle is 16 inches, and one side is two


inches longer than the other side, how long are the sides?

3.

Suppose that a small factory makes two types of products. The first
product costs the company RM5 and the second costs RM7. The
factory has a total amount of RM3,000 as the daily budget to produce
the products. Set up the production equation.

4.

Taxi fare from an airport to the city centre is RM1.25 per mile driven,
plus RM10 for tolls. Let

represent the fare and

driven on one trip.


(a)
Write the equation for
(b)
5.

( x+12 )2 =0

Solve the following quadratic equations by completing the square:


2
(a)
5 x +14 x +7=0

3 x2 +14 x +51=0

Solve the following quadratic equations by using quadratic formula:


2
(a)
2 x +3 x1=0
(b)

8.

x .

Solve the following quadratic equations by factoring:


2
(a)
x 17 x=72

(b)
7.

in terms of

be the miles

Then find the fare if the distance driven is 32 miles.

(b)
6.

3 x2 +2 x+ 1=0

Suppose the weekly business function

of a multimedia company

is given by the equation

R ( p )=4 p 2800 p
where

is the price of the product produced by the company.

What is the price of the product if the company makes RM30,000 a


weekly?
9.

The book value of a machine is expressed by the equation

BUSINESS MATHEMATICS

1 | Page

V ( x ) =96,0008000 x
where

V (x)

equals the value in ringgit and

the machine expressed in years.


(a)
Identify the x and V
(b)
(c)
(d)

equals the age of

intercepts.

Interpret the meaning of the intercepts.


Find the slope and interpret its meaning.
Draw the graph of the equation.

10.

In 1996, the stock in a computer hardware company traded for RM37


per share. However, the company was in trouble and the stock price
dropped steadily, to RM8 per share in 2006. Draw a line showing the
relationship between the price per share and the year in which it
traded for the time interval [1996,2006], which years on the x-axis
and price on the y-axis. Find and interpret the slope.

11.

The average daily cost,

C , for a room at a city hospital has risen

by RM59.82 per year for the years 1990 through 2000. If the average
cost in 1996 was RM1128.50, what is an equation which describes
the average cost during this decade, as a function of the numbers of
years,

T , since 1990?

12.

Suppose consumers will demand 60 units of a product when the price


is RM15.30 per unit and 35 units when the price is RM19.30 each.
Find the demand equation, assuming that it is linear. Find the price
per unit when 40 units are demanded.

13.

A refrigerator manufacturer will produce 3000 units when the price is


RM940, and 2200 units when the price is RM740. Assume that price,

p , and quantity,

q , produced are linearly related and find the

supply equation.
14.

Suppose the cost to produce 10 units of a product is RM40 and the


cost of 20 units is RM70. If cost,

c , is linearly related to output,

q , find a linear equation relating

and

q . Find the cost to

produce 35 units.
15.

An electric utility company charges residential customers 12.5 cents


per kilowatt-hour plus a base charge every month. One customers
monthly bill comes to RM51.65 for 380 kilowatt-hours. Find a linear
function that describes the total monthly charges for electricity if

is the number of kilowatt-hours used in a month.


16.

Suppose the value of a mountain bike decreases each year by 10% of


its original value. If the original value is RM1800, find an equation
that expresses the value

BUSINESS MATHEMATICS

of the bike

t years after purchase,


2 | Page

0 t 10.

where

Sketch the equation, choosing

horizontal axis and

as the

as the vertical axis. What is the slope of the

resulting line? This method of considering the value of equipment is


called straight-line depreciation.
17.

A house purchased for RM245,000 is expected to double in value in


15 years. Find a linear equation that describes the houses value after

t
18.

19.

years.

Determine the vertex and intercepts for the following functions.


(a)

f ( x )=x 26 x +5

(b)

g ( x ) =2 x 26 x

(c)

h ( t ) =t 2 +6 t +9

(d)

f ( x )=5+3 x3 x 2

(e)

H ( x )=1xx

State whether

f ( x)

has a maximum value or a minimum value,

and find that value.

20.

(a)

f ( x )=49 x 210 x +17

(b)

f ( x )=7 x 22 x +6

The

demand

function

for

p=f ( q )=10010 q , where


when

manufacturers

product

is

is the price (in dollars) per unit

units are demanded (per day). Find the level of production

that maximizes the manufacturers total revenue and determine this


revenue.
21.

The demand function for an electronics companys laptop computer

p=24006 q , where

line is
when

is the price (in dollars) per unit

units are demanded (per day) by consumers. Find the level

of production that will maximize the manufacturers total revenue,


and determine this revenue.
22.

A marketing firm estimates that


a clients new product,

months after the introduction of

f (n) thousand households will use it, where


f ( n )=

10
n ( 12n ) , 0 n 12
9

Estimate the maximum number of households that will use the


product.
BUSINESS MATHEMATICS

3 | Page

23.

The daily profit for the garden department of a store from the sale of

P ( x )=x 2 +18 x +144 , where

trees is given by

is the number of

trees sold. Find the functions vertex and intercepts, and graph the
function.
24.

The total cost of producing 10 units of a product is RM320. The


marginal cost per unit is RM24. Find the cost function.

25.

A manufacturer has a fixed monthly cost of RM65,000 and a


production cost of RM32 for each unit produced.
(a)
What is the cost function?
(b)
What is the average cost function?
(c)
Find the average cost of production of 200 units and 400
units.

26.

For a certain book, the cost function

C ( x )=0.65 x +135

where

is

the number of books which are printed. If the bookseller sells each for
RM2.
(a)
Find the break-even point.
(b)
If the company sold just 2,000 books, what is the profit?
27.

Let supply and demand for the paper given by

Ps=20 q+10P d=2 q+230


P

where
(a)
(b)
(c)
28.

is in ringgit.
Graph these two functions on the same axes.
Find the equilibrium points.
At which interval does supply exceed demand.

If the total cost function is given by

C ( q )=200+q 2 , find the average

cost function.
29.

Given the quadratic supply and demand functions


2

Ps=q +2 q+114 P d=q 4 q+ 474


Determine the equilibrium price and quantity.
30.

A salesperson needs to calculate the cost of an item with a sales tax


of 8.25%. Write an equation that represents the total cost
item costing

31.

of an

dollars.

Bronwyn wants to buy a house, so she has decided to save a quarter


of her salary. Bronwyn earns RM47 per hour and receives an extra
RM28 a week because she declined company benefits. She wants to
save at least RM550 each week. How many hours must she work
each week to achieve her goal?

BUSINESS MATHEMATICS

4 | Page

32.

If you purchase an item for business use, in preparing your income


tax you may be able to spread out its expense over the life of the
item. This is called depreciation. One method of depreciation is
straight-line depreciation, in which the annual depreciation is
computed by dividing the cost of the item, less its estimated salvage
value, by its useful life. Suppose the cost is

life is

dollars, the useful

years, and there is no salvage value. Then the value

(in dollars) of the item at the end of

V =C 1

n
N

years is given by

If new office furniture is purchased for RM3200, has a useful life of 8


years, and has no salvage value, after how many years will it have a
value of RM 2000?

BUSINESS MATHEMATICS

5 | Page

Note: Please use a proper graph paper is for Question 9d, Question 23
and Question 27.