Business mathematics dr sm shukla pdf

What does business mathematician do?

Some important topics in business math include finance, accounting, and economics.
Within these broad topics, business math can be used to make decisions about financial risks, understand trends, make predictions, draw conclusions from data, and understand the relationships between different variables..

Then, use this formula:

1. Net Income = Revenue – Expenses
2. Assets = Liabilities + Equity
3. Equity = Assets – Liabilities
4. COGS = Beginning Inventory + Purchases During the Period – Ending Inventory
5. Break-even Point = Fixed Costs / (Sales Price Per Unit – Variable Costs Per Unit)