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Math Help - Help on Business Math & Stat

  1. #1
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    Question Help on Business Math & Stat

    Dear All,

    I need help on a question which have multiple questions related to eachother.. I would be grateful to all of you if you please help me solving this, I have just one day to submitt it..

    QuestonNo1:
    Ali is running his company “Multi-Lines” at Gulberg, Lahore where he takes projects from different companies and people complete these projects according to the deadlines given.
    (i) If Ali starts working on 5 different projects and finishes all of them at the same time. He earns profit at the rate of m% of the project cost.
    If cost of one project is between Rs. 80,000 to Rs1, 20,000, how much minimum and maximum profit he can earn? (25<m<30, Fix m in the given interval)


    After sometime, every business in Pakistan goes down and it seems that there is not so much earning in that work in Pakistan.
    Then Ali decided to shift from Pakistan to Dubai, UAE. He took all his investments round about Rs 6 lacs and started the same business in Dbai. He got projects from differentorganizations and sent to his employees to coniplete these projects.


    (ii) Ali also got job in a multinational company where his monthly (gross) salary is Rs. x. His savings are Rs.24y annually. How much salary he spends monthly?
    Note: (120000< x < 160000 and 25000 <y <30000)

    (iii) If the cost of earned leaves per year is Rs,15000/- how much gross salary that person has?
    What are the leaves as percent of gross salary?
    Note that normal working days assumed are 26.

    QuestonNo2:
    (Continued from Q#1)
    In Dubai, after the job timing, Ali is running his same “Multi-Lines” company. During the start of the sixth month in Dubai, he takes 6 new projects, uses all his investment from Pakistan and monthly saving of 5 months here


    (i) How much profit he has earned (if these projects complete in 4 months and he sells each project for Rs.2 lacs)?
    After 2 years, he decides to quit from the job and to start a new furniture business where he supplies the handles and chairs in the market.


    (ii) How much he needs to invest now at 20% rate of interest to earn Rs 5 lacs at the end of year 2 and Rs 6 lacs at the end of year 3?


    Suppose that the list price of one handle is Rs. Z and then list price after giving discounts becomes Rs, 85, then Rs. 70, and at the end Rs. 55


    (iii) A customer asks him that how much series discount rates you had given?
    He also asks the single equivalent rate? (130<Z<l 50)
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  2. #2
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    What have you done? Have you read the problem statement?

    SHOW your work!!
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  3. #3
    kaleem khan
    Guest

    solution of MTH prob

    plz help me to solve this , its very urgent tomorow is last date of submission
    QuestonNo1:
    Ali is running his company “Multi-Lines” at Gulberg, Lahore where he takes projects from different companies and people complete these projects according to the deadlines given.

    (i) If Ali starts working on 5 different projects and finishes all of them at the same time. He earns profit at the rate of m% of the project cost.
    If cost of one project is between Rs. 80,000 to Rs1, 20,000, how much minimum and maximum profit he can earn? (25<m<30, Fix m in the given interval)


    After sometime, every business in Pakistan goes down and it seems that there is not so much earning in that work in Pakistan.
    Then Ali decided to shift from Pakistan to Dubai, UAE. He took all his investments round about Rs 6 lacs and started the same business in Dbai. He got projects from differentorganizations and sent to his employees to coniplete these projects.


    (ii) Ali also got job in a multinational company where his monthly (gross) salary is Rs. x. His savings are Rs.24y annually. How much salary he spends monthly?
    Note: (120000< x < 160000 and 25000 <y <30000)

    (iii) If the cost of earned leaves per year is Rs,15000/- how much gross salary that person has?
    What are the leaves as percent of gross salary?
    Note that normal working days assumed are 26.

    QuestonNo2:
    (Continued from Q#1)
    In Dubai, after the job timing, Ali is running his same “Multi-Lines” company. During the start of the sixth month in Dubai, he takes 6 new projects, uses all his investment from Pakistan and monthly saving of 5 months here


    (i) How much profit he has earned (if these projects complete in 4 months and he sells each project for Rs.2 lacs)?
    After 2 years, he decides to quit from the job and to start a new furniture business where he supplies the handles and chairs in the market.


    (ii) How much he needs to invest now at 20% rate of interest to earn Rs 5 lacs at the end of year 2 and Rs 6 lacs at the end of year 3?


    Suppose that the list price of one handle is Rs. Z and then list price after giving discounts becomes Rs, 85, then Rs. 70, and at the end Rs. 55


    (iii) A customer asks him that how much series discount rates you had given?
    He also asks the single equivalent rate? (130<Z<l 50
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  4. #4
    Junior Member
    Joined
    Oct 2007
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    Unhappy

    Dear TKHunny,

    So far i'm able to figure out this, not sure if correct..

    (i) If Ali starts working on 5 different projects and finishes all of them at the same time. He earns profit at the rate of m% of the project cost.
    If cost of one project is between Rs. 80,000 to Rs1, 20,000, how much minimum and maximum profit he can earn? (25<m<30, Fix m in the given interval)

    If I take Min% as 25 and Max% as 30 with min Cost as 80000 and Max Cost as 120000 then
    Min Profit would be 20,000 and Maximum Profit would be 36,000

    But dont know what to do with the number of Projects which is 5, Please help.
    (ii) Ali also got job in a multinational company where his monthly (gross) salary is Rs. x. His savings are Rs.24y annually. How much salary he spends monthly?
    Note: (120000< x < 160000 and 25000 <y <30000)

    Here if i take 120000 as monthly salary then salary for one year will be 1440000, and if i take y as 25000 then annual savings will be 600000.
    So the monthy speding money will be 70000.. am i right?
    For rest questoins i need help from you.

    Dear Kalim have you been able to udnerstand these questions, if yes then please add your comments..

    Thanks,
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  5. #5
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    Dec 2007
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    lodhi

    hi all
    Variables ( xyz or m) are given in Question you can assign any value to variable within the rang mentioned in the Questions
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  6. #6
    MHF Contributor
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    That's the spirit...

    25 < m < 30

    80000 < One Job < 120000

    80000*5 < Five Jobs < 120000*5

    Why would it be anything else? What it not clear at all is the nature of the contractual reduction if the jobs are not finished at the same time. I presume the percentage drops at least a little.

    120000 < Monthly x < 160000

    25000 < SemiMonthly y < 30000 ==> 50000 < Monthly y < 60000

    That seems relatively easily compared.

    120000 - 50000 < Monthly Spending < 160000 - 60000
    70000 < Monthly Spending < 100000

    Note: These are VERY ambiguous and confusing problem statements. I suspect the language barrier is part of the trouble. I wish I could help more, but it is just too difficult to understand the questions. You efforts at solutions helped more than the original questions.
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  7. #7
    awais ali
    Guest
    suppose the cost of 1st progect80500suppose the cost of 2nd progect89500suppose the cost of 3rd progect99500suppose the cost of 4th progect109500suppose the cost of 5th progect119500persentage profit0.27profit from 1st project21735profit from 2nd project24165profit from 3rd project26865profit from 4th project29565profit from 5th project32265minmum profit he earned21735maximum profit he earned32265totel cost of project498500total profit he earned134595total investment in pakistan633095
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