Ans: Here the total revenue in market \[I\] can be represented in the form of a matrix as:
\[\left[ \begin{matrix} 10000 & 2000 & 18000 \\ \end{matrix} \right]\left[ \begin{matrix} 2.50 \\ 1.50 \\ 1.00 \\ \end{matrix} \right]\]
\[\Rightarrow 1000\times 2.50+2000\times 1.50+18000\times 1.00\]
\[\Rightarrow 46000\]
And, the total revenue in market \[II\] can be represented in the form of a matrix as:
\[\left[ \begin{matrix} 6000 & 20000 & 8000 \\ \end{matrix} \right]\left[ \begin{matrix} 2.50 \\ 1.50 \\ 1.00 \\ \end{matrix} \right]\]
\[\Rightarrow 6000\times 2.50+20000\times 1.50+8000\times 1.00\]
\[\Rightarrow 53000\]
Thus, the total revenue in market \[I\] is Rs \[46000\] and the same in market \[II\] is Rs \[53000\].
Ans: Here, the total cost prices of all the products in the market \[I\] can be represented in the form of a matrix as:
\[\left[ \begin{matrix} 10000 & 2000 & 18000 \\ \end{matrix} \right]\left[ \begin{matrix} 2.00 \\ 1.00 \\ 0.50 \\ \end{matrix} \right]\]
\[\Rightarrow 1000\times 2.00+2000\times 1.00+18000\times 0.50\]
\[\Rightarrow 31000\]
As the total revenue in market \[I\] is Rs \[46000\] , the gross profit in this market is \[Rs46000-Rs31000=Rs15000\] .
And, the total revenue in market \[II\] can be represented in the form of a matrix as:
\[\left[ \begin{matrix} 6000 & 20000 & 8000 \\ \end{matrix} \right]\left[ \begin{matrix} 2.00 \\ 1.00 \\ 0.50 \\ \end{matrix} \right]\]
\[\Rightarrow 6000\times 2.00+20000\times 1.00+8000\times 0.50\]
\[\Rightarrow 36000\]
As the total revenue in market \[II\] is Rs \[53000\] , the gross profit in this market is \[Rs53000-Rs36000=Rs17000\] .