Business Mathematics
Year / Semester: 
1st Semester

This course aims at providing the students the basic mathematics necessary for making the analytical evaluation of business situations and develop solutions to it.


Theory of Sets: Meaning, elements; types, presentation and equality of sets. Union, intersection, compliment & difference of sets, Venn diagrams. Cartesian product of two sets. Applications of Set theory. Indices & Logarithms, Arithmetic, Geometric and Harmonic progressions and their business applications; Sum of squares and cubes of first natural numbers. Permutations, combinations and Binomial Theorem (positive index).
Matrices - Types, properties, addition, multiplication, transpose and inverse of matrix. Properties of determinants, solution of simultaneous Linear Equations. Differentiation of Standard Algebraic Functions; Business Applications of Matrices and Differentiation.

Suggested Readings: 
  1. Business Mathematics - D.C.Sancheti, A.M.Malhotra, and V.K.Kapoor, Sultan Chand & Sons, New Delhi.
  2. Business Mathematics - Qazi Zameerudin, V.K.Khanna and S.K.Bhambri, Vikas
  3. Publishing House, Pvt. Ltd., New Delhi.
  4. A text Book of Business Mathematics - Dr. R.Jaya Prakash Reddy and Y.
  5. Mallikarjuna Reddy, Ashish Publishing House, New Delhi.