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The bookshop of a particular school has $10 $ dozen chemistry books, $8$ dozen physics books, $10$ dozen economics books. Their selling prices are Rs. $80,$ Rs. $60$ and Rs. $40$ each respectively. Find the total amount the bookshop will receive from selling all the books using matrix algebra.
$20165$
$20160$
$20164$
$20161$
Solution
The bookshop has $10$ dozen chemistry books, $8$ dozen physics books, and $10$ dozen economics books.
The selling prices of a chemistry book, a physics book, and an economics book are respectively given as Rs. $80$, Rs. $60$ and Rs. $40 .$
The total amount of money that will be received from the sale of all these books can be erepresented in the form of a matrix as :
$12\left[\begin{array}{lll}10 & 8 & 10\end{array}\right]\left[\begin{array}{l}80 \\ 60 \\ 40\end{array}\right]$
$=12[10 \times 80+8 \times 60+10 \times 40]$
$=12(800+480+400)$
$=12(1680)$
$=20160$
Thus, the bookshop will receive Rs. $20160$ from the sale of all these books.
Similar Questions
A manufacturer produces three products $x,\, y,\, z$ which he sells in two markets. Annual sales are indicated below:
Market | $x$ | $y$ | $z$ |
$I$ | $10,000$ | $2,000$ | $18,000$ |
$II$ | $6,000$ | $20,000$ | $8,000$ |
If the unit costs of the above three commodities are $\mathrm{Rs} $. $2.00, $ $\mathrm{Rs} $. $1.00$ and $50$ paise respectively. Find the gross profit.