Question

A manufacturer produces three products x, y, z which he sells in two markets.

Annual sales are indicated below:




Market



Products


Products


Products





I



10000



2000



18000





II



6000



20000



8000




(a) If unit sale prices of x, y and z are Rs 2.50, Rs 1.50 and Rs 1.00, respectively, find the total revenue in each market with the help of matrix algebra.

(b) If the unit costs of the above three commodities are Rs 2.00, Rs 1.00 and 50 paise respectively. Find the gross profit.

Answer 1

total revenue of market 1=46,000& total revenue of market 2= 53,000