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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. Business Mathematics is very important for modern business management. The forecasting and operating procedures are based primarily on business mathematics. Things such as simple interest and compound interest show a company what it will lose or get over the years if it invests in a particular asset. Business mathematics also helps in cost and price calculations which are the basis of cash inflows and outflows that all companies have to deal with
BUSINESS MATHEMATICS, DEFINITION & USE IN EVERYDAY LIFE In real life these mathematical calculations help in understanding various business problems like calculations of price markups, discounts, payrolls, mortgages, account checking etc. You can understand how to maximize your profits and minimize your costs after knowing linear programming. The questions are given in scenario form and you handle them like real business problems. In this way your quantitative analytical skills are also improved. Business Mathematics is therefore became an important course of business studies. Mathematics finds use in the daily life of many people. This could be for mundane household tasks, or as part of a profession. Here is a small list: Balancing a checkbook calculating expenses maintaining a family budget maintaining a business budget measuring a space for adding/rearranging furniture measuring wood to be cut in a building project measuring steel to be placed in a construction project

surveying land measuring pipe for a number of uses including sewer, conduit, water, etc.

Commercial Mathematics This include the following topics Discount Banking Foreign Exchange Stock and Share Arithmetic (Profit & Loss, Percentage, Rational Proposition, Time problems) Discount: Reduction from the full amount of a price. The following are the six types of discounts which we see are Simple Discount . Offer a price reduction on a product by a percentage. For example, buy a shirt and receive 25 % off the original price. Minimum Purchase Discount. Offer a price reduction on a minimumquantity purchase. For example, buy two shirts and receive 20 % off each shirt. Buy N, Get one Free. Offer a free gift with a minimum quantity purchase. For example, buy two shirts and receive a third shirt for free. Paired Discount. Offer a price reduction on a product if another product is purchased. For example, buy a shirt and receive Rs.10 off a pair of jeans. Paired Set Discount. Offer a price reduction on an item if a certainquantity of another item is purchased. For example, buy three shirtsand receive 30 % off a pair of jeans. Order Discount. Offer a price reduction or free shipping on the order total, if a certain amount is purchased. For example, buy Rs. 5000worth of merchandise, and receive 10 % off the total order. Banking : A system of trading in money whichinvolved safeguarding deposits and making fundsavailable for borrowers. * What is the use of mathematics in Banking ?

Bank is full of transactions. In turn the transaction isnothing but mathematics Banks are also involved in stocks and bonds. Bondcalculations are mathematical. Stock options arealso quite mathematical.

Foreign Exchange market : The foreign exchange (currency)market refers to the market for currencies. Transactions in thismarket typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. Stock and Share : In business and finance, a share (also referred to as equity share) of stock means ashare of ownershipin acorporation(company). In theplural, stocksi s often used as a synonym for shares A stock is at a premium ( above par) , at par or at adiscount (below par ) according as its market valueis greater than , equal to or less than the face value . Generally stocks are sold and purchased through brokers. The amount paid to them in selling and purchasing stocks are called Brokerage.so , C.P. = M.V. + Brokerage