Question 7

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 2.50, 1.50 and 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 2.00, ` 1.00 and 50 paise respectively. Find the gross profit.