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MTH 302
ASSIGNMENT # 01
Name: SAMEER AHMAD KHAN
VU id: BC210425784
Q2. A school organized a book fair and in this book fair a book seller is selling
his books under the following rules:
There are three different packages available.
First package contains 2 Islamic books, 2 Science books and 2 Geography books, second
package contains 2 Islamic books, 4 Science books and 1 Geography books and third
package contains 3 Islamic books, 4 Science books and 5 Geography books. The book fair
has a total of 250 Islamic books, 300 Science books, and 270 Geography books. First
package makes a profit of Rs. 120, second package makes Rs.100 and third package makes
Rs.270 per pack.
How many packs should be made to maximize book fair profits?
What will the profit be?
Solution:
First package:
Second package:
Third package:
Q3. You have been offered two deals for the car worth 1,600,000 that you’re purchasing.
Deal 1: Series discount of 3%, 5% and 7%.
Deal 2: A cash discount of 15/10 [i.e. 15% discount if payment made in first 10 days].
Which deal will you choose and why?
Note: You are expected to provide reason by performing all desired calculations. The direct
answers may earn you low grades.
Solution:
For deal 1:
Formula for series discount is:
L*(1-d1) (1-d2) (1-d3)
By putting the values,
Net price =1,600,000 (1-3%) (1-5%) (1-7%)
Net price= 1,600,000 (1-0.03) (1-0.05) (1-0.07)
Net price= 1,600,000 (0.970 (0.95) (0.93)
Net price= 1,600,000 (0.856996)
Net price= 1,371,192
To find the discount
L- Net price
1,600,000- 1,371,192
Discount from Deal 1= 228,808
For deal 2:
To find the discount
L*15%
1600000* 15%
1,600,000* 0.15
Discount from Deal 2= 240,000
I would prefer to choose deal 2 because it is providing me more discount than deal 1.