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