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Basically Business Mathematics is also known as Commercial or Consumer Math and it usually includes Matrices, Linear programming and probability. In real life these mathematical calculations help in understanding various business problems like calculations of price markups, discounts, payrolls, mortgages, account checking etc. You can understand how to maximize your profits and minimize your costs after knowing linear programming. The questions are given in scenario form and you handle them like real business problems. In this way your quantitative analytical skills are also improved. Business Mathematics is therefore, became an important course of business studies.
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