Answer on Question #34412 – Math – Matrix | Tensor Analysis
Mr. X went to market to purchase of sugar, of wheat and of salt. In a shop, ARPICO near to Mr. X's residence, these commodities are priced at Rs 20, Rs 10 and Rs 8 per kg whereas in the local market, CARGILLS these commodities are priced at Rs 15, Rs. 8 and Rs 6 per kg respectively. If the cost of traveling to CARGILLS is Rs 25, find the net savings of Mr. X, using matrix multiplication method.
Solution
Denote by and vectors of prices in ARPICO and CARGILLS respectively. Then
Let denotes vector of amounts needed for Mr. X. Then
Then the total price he pays equals to
Thus the difference between total prices in 2 shops equals to
Calculation:
Since travelling to CARGILLS costs Rs 25 net savings equals to
ANSWER: Rs 12
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Comments
Dear naj, a similar problem can be found in the book 'Workout Mathematics for Economists' by Mabbett A.J.
I need a book realated to this question ?