Question 1 - Case Based Questions (MCQ) - Chapter 3 Class 12 Matrices (Term 1)
Last updated at July 28, 2021 by Teachoo
A manufacture produces three stationery products Pencil, Eraser and Sharpener which he sells in two markets. Annual sales are indicated below
Market
Products (in numbers)
Pencil
Eraser
Sharpener
A
10,000
2000
18,000
B
6,000
20,000
8,000
If the unit Sale price of Pencil, Eraser and Sharpener are Rs. 2.50, Rs. 1.50 and Rs. 1.00 respectively, and unit cost of the above three commodities are Rs. 2.00, Rs. 1.00 and Rs. 0.50 respectively, then, Based on the above information answer the following:
Question A manufacture produces three stationery products Pencil, Eraser and Sharpener which he sells in two markets. Annual sales are indicated below If the unit Sale price of Pencil, Eraser and Sharpener are Rs. 2.50, Rs. 1.50 and Rs. 1.00 respectively, and unit cost of the above three commodities are Rs. 2.00, Rs. 1.00 and Rs. 0.50 respectively, then, Based on the above information answer the following:
Question 1 Total revenue of market A (a) Rs. 64,000 (b) Rs. 60,400 (c) Rs. 46,000 (d) Rs. 40,600Let the sales of Pencil, Eraser and Sharpener be denoted by matrix X
X = [■8(10,000&2,000&18,000@6,000&20,000&8,000)]
Let the unit sale price of Pencil, Eraser and Sharpener be denoted by matrix Y
Let Y = [■8( 2.50 @1.50@1.00)]
Now,
Total Revenue = Total sales × Unit sales price
= XY
= [■8(10,000&2,000&18,000@6,000&20,000&8,000)]_(2×3) [■8(2.50@1.50@1.00)]_(3×1)
= [■8(10,000(2.50)+2,000(1.50)+18,000(1)@6,000(2.50)+20,000(1.50)+8,000(1) )]
= [■8(25,000+3,000+18,000@15,000+30,000+8,000)] = [■8(46,000@53,000)]
Total Revenue = [■8(46,000@53,000)]
Hence,
Total revenue of Market A = Rs. 46,000
Total revenue of Market B = Rs. 53,000
So, the correct answer is (c)
Note:
We cannot do YX
YX = [■8(2.50@1.50@1.00)]_(3×1) [■8(10,000&2000&18,000@6,000&20,000&8,000)]_(2×3)
Since, orders don’t match, YX is not possible
Question 2 Total revenue of market B (a) Rs. 35,000 (b) Rs. 53,000 (c) Rs. 50,300 (d) Rs. 30,500
Total revenue of Market B = Rs. 53,000
So, the correct answer is (b)
Question 3 Cost incurred in market A (a) Rs. 13,000 (b) Rs. 30,100 (c) Rs. 10,300 (d) Rs. 31,000
Let the unit cost price of Pencil, Eraser and Sharpener be denoted by matrix Z
Let Z = [■8( 2.00 @1.00@0.50)]
Now,
Total Cost = Total sales × Unit cost price
= XZ
= [■8(10,000&2000&18,000@6,000&20,000&8,000)]_(2×3) [■8(2.00@1.00@0.50)]_(3×1)
= [■8(10,000(2.00)+2000(1.00)+18,000(0.50)@6,000(2.00)+20,000(1.00)+8,000(0.50) )]
= [■8(20,000+2,000+9,000@12,000+20,000+4,000)]
= [■8(𝟑𝟏,𝟎𝟎𝟎@𝟑𝟔,𝟎𝟎𝟎)]
∴ Total cost of Market A = Rs. 31,000
So, the correct answer is (d)
Question 4 Profit in market A and B respectively are (a) (Rs. 15,000, Rs. 17,000) (b) (Rs. 17,000, Rs. 15,000) (c) (Rs. 51,000, Rs. 71,000) (d) ( Rs. 10,000, Rs. 20,000)
Now,
Profit = Revenue – Cost
= [■8(46,000@53,000)] – [■8(31,000@36,000)]
= [■8(𝟏𝟓,𝟎𝟎𝟎@𝟏𝟕,𝟎𝟎𝟎)]
Thus,
Profit in Market A = Rs. 15,000
Profit in Market B = Rs. 17,000
So, the correct answer is (a)
Question 5 Gross profit in both market (a) Rs. 23,000 (b) Rs. 20,300 (c) Rs. 32,000 (d) Rs. 30,200
Now,
Profit in Market A = Rs. 15,000
Profit in Market B = Rs. 17,000
Gross profit in both market = Rs 15,000 + Rs 17,000
= Rs 32,000
So, the correct answer is (c)
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 10 years. He provides courses for Maths and Science at Teachoo.