Sinhgad Technical Education Society’s

SINHGAD COLLEGE OF SCIENCE

AMBEGAON (BK), PUNE.
DEPARTMENT OF COMMERCE
(Affiliated to University of Pune, ID No. PU/PN/SC/162/2001)
S. No. 9/1/5 & 9/2/4, Off Westerly Bypass Highway, Ambegaon (Bk), PUNE– 411041.
: (020) 2434 1730, 24100171/262, Fax : 020- 24356798,
E-mail :principal.scos@sinhgad.edu, Webster : www.sinhgad.edu

Date: 01/07/2021

Notice

Student Training Programme (STP)

Importance of Business Mathematics

Mathematics is an important part of managing business. Business and mathematics go

hand in hand this is because business deals with money and money encompasses everything
in itself. There is a need for everyone to manage money as some point or the other to take
decisions which requires everyone to know mathematics.

Business mathematics is used by commercial enterprises to record and manage

business operations. Commercial organizations use mathematics in accounting, inventory
management, marketing, sales forecasting, and financial analysis. It helps one know the
financial formulas, fractions; measurements involved in interest calculation, hire rates, salary
calculation, tax calculation etc. which help complete business tasks efficiently. Business
mathematics also includes statistics and provides solution to business problems.

The study of mathematics is very much important and essential for each and every student
who attempts the competitive examination for further education and also appearing the entry
level recruitment procedure conducted by various companies and also for self employment.

Note:

1. Each and every student must try to improve their knowledge in business mathematics
2. Students should submit it within four days.

Event co-ordinator HOD