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From Business Mathematics
Equilibrium occurs where quantity demanded equals quantity supplied.
Given: Qd = 100 − 2P Qs = 20 + 3P
At equilibrium: Qd = Qs 100 − 2P = 20 + 3P 100 − 20 = 5P 80 = 5P P = 16
Now substitute P = 16 into either equation: Q = 100 − 2(16) = 100 − 32 = 68
So equilibrium price is ₹16 and equilibrium quantity is 68 units.
Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
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Straight Line Method (SLM)
Written Down Value (WDV)
Merits/Conclusion: SLM gives stable annual expense and stable profit impact. WDV matches higher early usage/obsolescence and is common in practice/tax contexts. Choose based on usage pattern.