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A manufacturer produces three products x...

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"):}`
(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.

Text Solution

Verified by Experts

The correct Answer is:
(a) Total revenue in the market - `I=Rs. 46000`
Total revenue in the market - `II=Rs. 53000`
(b) Rs. 15000, Rs. 17000
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