Business Math

"Mathematics is a significant part of human logic and thoughts. It gives an effective way to create mental discipline and Increases logical reasoning. Moreover, mathematical knowledge plays an essential role in understanding the concept of other subjects like science, social studies, and even music and art. Maths is used in several fields and disciplines. The concepts and procedures of mathematics are used to solve engineering, science, and economics problems. Business and mathematics go hand In hand this is because business deals with money and money encompasses everything in itself. There is a need for everyone to manage money as some point or the other to take decision« which requires everyone to know mathematics. Business mathematics is used by commercial enterprises to record and manage business operations. Business involves the buying and selling of goods in order to earn profit, it uses mathematics to record, classify summarize and analyze the business transactions. So mathematics is used by commercial enterprises to record and manage the business operations such as, elementary arithmetic involving fractions, decimals, percentage, elementary algebra, statistics and probability. Now a days, business management is using advanced mathematics such as calculus matrix algebra and liner programming. Practical applications include checking accounts, forecasting the sales, price discounts, mark-ups, mark-downs, payroll calculations, simple and compound interest reducing wastage of resources. Hence mathematics not only helps to calculate but also analyze business problems and work upon theil learning and using business mathematics enables a person to think out of the box, sharpens one's thinking and helps in precisely ortlating and structuring relationships.The text is revised in this edition and new topics are added. This book is designed to enablestdents to learn and apply mathematics skills to a business setting. it includes a review of the fundamental mathematics operations using decimals, fractions, percent, ratio and proportion; mathematics concepts and skills in buying and selling, corputing gross and net earnings, overtime and business data presentation, analysis and interpretation. The use of computer and software applications for computation and data presentation is encouraged. The content coverage is in eight units."--Back cover