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A manufacture produces three stationery products Pencil, Eraser and Sharpener which he sells in two markets. Annual sales are indicated below

Market Products (in numbers)
Pencil Eraser Sharpener
A 10,000 2000 18,000
B 6000 20,000 8,000

If the unit Sale price of Pencil, Eraser and Sharpener are Rs. 2.50, Rs. 1.50 and Rs. 1.00 respectively, and unit cost of the above three commodities are Rs. 2.00, Rs. 1.00 and Rs. 0.50 respectively, then,

Based on the above information answer the following:

1. Total revenue of market A

a. Rs. 64,000

b. Rs. 60,400

c. Rs. 46,000

d. Rs. 40600

2. Total revenue of market B 

a. Rs. 35,000 

b. Rs. 53,000

c. Rs. 50,300 

d. Rs. 30,500 

3. Cost incurred in market A

a. Rs. 13,000

b. Rs.30,100

c. Rs. 10,300

d. Rs. 31,000

4. Profit in market A and B respectively are

a. (Rs. 15,000, Rs. 17,000)

b. (Rs. 17,000, Rs. 15,000)

c. (Rs. 51,000, Rs. 71,000)

d. ( Rs. 10,000, Rs. 20,000)

5. Gross profit in both market

a. Rs.23,000

b. Rs. 20,300

c. Rs. 32,000

d. Rs. 30,200

2 Answers

+1 vote
by (46.5k points)
selected by
 
Best answer

1. c. Rs. 46,000

Let the sales of Pencil, Eraser and Sharpener be denoted by matrix X

Let the unit sale price of Pencil, Eraser and Sharpener be denoted by matrix Y

Now, 

Total Revenue = Total sales x Unit sales price

= XY

Hence,

Total revenue of Market A = Rs. 46,000

Total revenue of Market B = Rs. 53,000

2. b. Rs. 53,000

Total revenue of Market B = Rs. 53,000

3. d. Rs. 31,000

Let the unit cost price of Pencil, Eraser and Sharpener be denoted by matrix Z

Now,

Total Cost = Total sales x Unit cost price

= XZ

∴ Total cost of Market A = Rs. 31,000

4. a. (Rs.15, 000, Rs.17, 000)

Thus,

Profit in Market A = Rs. 15,000

Profit in Market B = Rs. 17,000

5. c. Rs. 32,000

Now,

Profit in Market A = Rs. 15,000

Profit in Market B = Rs. 17,000

Gross profit in both market = Rs 15,000 + Rs 17,000

= Rs 32,000

+2 votes
by (28.9k points)

1. Rs. 46,000

2. Rs. 53,000

3. RS.31,000

4. (Rs.15, 000, Rs.17, 000)

5. Rs. 32,000

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