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Q10. A manufacturer produces three products x, y, z which he sells in two markets.
Annual sales are indicated below:
Market Products
I 10,000 2,000 18,000
II 6,000 20,000 8,000
(b) If the unit costs of the above three commodities are ` 2.00, ` 1.00 and 50 paise respectively. Find the gross profit.
Answers (1)
The unit costs of the above three commodities are ` 2.00, ` 1.00 and 50 paise respectively.
The total cost price in market I with the help of matrix algebra can be represented as :
Total revenue in the market I is 46000 , gross profit in the market is
The total cost price in market II with the help of matrix algebra can be represented as :
Total revenue in market II is 53000, gross profit in the market is
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