Maths used for recording and managing business operations by organizations or firms or companies or businesses is known as Business Mathematics. Business Mathematics includes accounting, inventory management, forecasting, financial analysis and sales.
Here we present the detailed syllabus of Business Mathematics:
Unit 1 – Ratio, proportion and percentage – 12 lectures
- Ratio – definition, continued ratio, inverse ratio,
- Proportion – Continued proportion, direct proportion, inverse proportion,
- Variation – Inverse variation, Joint variation
- Percentage – Meaning and computation of percentage
Unit 2 – Profit and Loss – 12 lectures
- Terms and formulae,
- Trade discount,
- Cash discount,
- Problems involving cost price, selling price, trade discount, cash discount.
- Introduction to commission and brokerage – problems on commission and brokerage
Unit 3 – Interest and annuity – 12 lectures
- Simple interest,
- Compound interest,
- Equated monthly installments,
- Reducing balance and flat rate of interest.
- Annuity immediate – present value and future value
- Stated annual rate and effective annual rate.
Unit 4 – Shares and Mutual funds – 12 lectures
- Shares – concept, face value, market value, dividend, equity shares, preference shares, bonus shares
- Mutual fund – simple problems on calculation of net income after considering entry load, exit load, dividend, change in net asset value
Unit 5 – Matrices and determinants
- Definition of a matrix, types of matrices,
- Properties of determinants, calculation of values of determinants upto third order,
- Adjoint of a matrix, elementary row or column operations,
- Solution of a system of linear equation having unique solution and involving not more than three variables.
Question Paper Pattern:
Marks – 75
Duration – 2.5 hours
All questions are compulsory carrying 15 marks each.
Q.1) Objective questions: 15 marks
a) sub questions (8/10)
b) Sub questions (7/10)
Q.2) Full length question (any 1 out of 2) – 15 marks
Q.3) Full length question (any 1 out of 2) – 15 marks
Q.4) Full length question (any 1 out of 2) – 15 marks
Q.5) Full length question (any 1 out of 2) – 15 marks
15 marks can be also asked as 8 marks and 7 marks question depending upon topics.
3 out of 4 or 5 short notes will be compulsory to answer if asked.
Options may be given within the same module and all topics will be covered in the question paper.