Chinhoyi University of Technology

School of Entrepreneurship and Business Sciences

Department of Entrepreneurship and Business Management

Business Mathematics (CUEB107)

In-Test 1 hour 30 minutes (60 marks)

Answer ALL questions in this paper and show important workings to earn part marks.

1. Explain the following terms used in Business Mathematics:

(i) Parameter [2 marks]
(ii) Rational numbers [2 marks]

( )
2. (a) Prove that can be written as ( ) . [5 marks]

(b) Solve for R in the following expression [2 marks]

3. Let the supply and demand for radial tires in dollars be given by
Supply: Demand:
a) Graph these equations [5 marks]
b) Find the equilibrium quantity [2 marks]
c) Find the equilibrium price [2 marks]

4.A coffee retailer has two grades of decaffeinated beansone selling for $4 per pound and
the other for $6.50 per pound. She wishes to blend the beans to form a 150-lb mixture that
will sell for $4.75 per pound. How manypounds of each grade of bean should be used in the
mixture?[6 marks]

5 (a) Solve the following inequality for :

[4 marks]

(b)A rental car costs in fixed charges and per mile. How much must a
customer pay per mile to drive [4 marks]
6. A company manufactures a 64-inch plasma HDTV that sells to retailers for .
The cost of making of these TVs for a month is given by the cost function:

(a) Find C(0) and interpret its meaning [3 marks]

(b) Find the revenue function from selling TVs [2 marks]
(c)What is the revenue from selling 1200 TVs? [2 marks]
(d) Find the profit function P.[ 2 marks]
(e) Determine the break-even Sales revenue. [4 marks]
(f)Should these TVs be manufactured if only 500 TVs can be sold?[3 marks]

7. The total cost of advertising in a magazine (M) by the magazine publisher is a function of
the number of magazine adverts (A) placed and purchased.

If the publisher has a capacity limit of accommodating 250 adverts per week
What is (i) the domain? [2 marks]
(ii) Range of the function in set notation? [4 marks]

8. (a) Good A cost six dollars per unit, good B costs eighteen dollars per unit. How much is
the cost of buying x units of A and y units of B? [2 marks]
b) A person buys whose prices per unit are respectively . What
is the total cost? [2 marks]

9. Find the value of

i) [2 marks]
ii) [3 marks]

10. . Solve for R [2 marks]