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Business Mathematics Exam Paper

The document outlines a business mathematics in-test with 10 questions covering topics such as parameters, rational numbers, solving equations, graphing supply and demand curves, cost functions, break-even analysis, and other mathematical concepts relevant to business.

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Nkosana Ngwenya
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206 views2 pages

Business Mathematics Exam Paper

The document outlines a business mathematics in-test with 10 questions covering topics such as parameters, rational numbers, solving equations, graphing supply and demand curves, cost functions, break-even analysis, and other mathematical concepts relevant to business.

Uploaded by

Nkosana Ngwenya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Chinhoyi University of Technology

School of Entrepreneurship and Business Sciences


Department of Entrepreneurship and Business Management

Business Mathematics (CUEB107)

In-Test 1 hour 30 minutes (60 marks)

Answer ALL questions in this paper and show important workings to earn part marks.

1. Explain the following terms used in Business Mathematics:


(i) Parameter [2 marks]
(ii) Rational numbers [2 marks]

( )
2. (a) Prove that can be written as ( ) . [5 marks]

(b) Solve for R in the following expression [2 marks]

3. Let the supply and demand for radial tires in dollars be given by
Supply: Demand:
a) Graph these equations [5 marks]
b) Find the equilibrium quantity [2 marks]
c) Find the equilibrium price [2 marks]

4.A coffee retailer has two grades of decaffeinated beansone selling for $4 per pound and
the other for $6.50 per pound. She wishes to blend the beans to form a 150-lb mixture that
will sell for $4.75 per pound. How manypounds of each grade of bean should be used in the
mixture?[6 marks]

5 (a) Solve the following inequality for :

[4 marks]

(b)A rental car costs in fixed charges and per mile. How much must a
customer pay per mile to drive [4 marks]
6. A company manufactures a 64-inch plasma HDTV that sells to retailers for .
The cost of making of these TVs for a month is given by the cost function:

(a) Find C(0) and interpret its meaning [3 marks]


(b) Find the revenue function from selling TVs [2 marks]
(c)What is the revenue from selling 1200 TVs? [2 marks]
(d) Find the profit function P.[ 2 marks]
(e) Determine the break-even Sales revenue. [4 marks]
(f)Should these TVs be manufactured if only 500 TVs can be sold?[3 marks]

7. The total cost of advertising in a magazine (M) by the magazine publisher is a function of
the number of magazine adverts (A) placed and purchased.

If the publisher has a capacity limit of accommodating 250 adverts per week
What is (i) the domain? [2 marks]
(ii) Range of the function in set notation? [4 marks]

8. (a) Good A cost six dollars per unit, good B costs eighteen dollars per unit. How much is
the cost of buying x units of A and y units of B? [2 marks]
b) A person buys whose prices per unit are respectively . What
is the total cost? [2 marks]

9. Find the value of

i) [2 marks]
ii) [3 marks]

10. . Solve for R [2 marks]

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