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.
(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.