Q.The prices of three commodities and are Rs.,, and per unit respectively. A person purchases 4 units of and sells two units of and 5 units of . Person purchases 2 units of and sells 3 units of and one unit of . Person purchases one unit of and sells 3 units of and one unit of . In the process, and earn Rs.,15{,}000, Rs.,1{,}000 and Rs.,4{,}000 respectively. Find the prices per unit of and . (Use matrix inversion method to solve the problem.)
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Start your 14-day free trial to unlock the full solution →Let be the prices per unit of respectively. For each person, money spent buying a commodity is a cost (subtract), and money received selling a commodity is income (add); the net of these equals the stated earning.
Step 1. Translate 's transaction. purchases 4 units of (cost ) and sells 2 units of and 5 units of (income ); net earning :
Step 2. Translate 's transaction. purchases 2 units of (cost ) and sells 3 units of and 1 unit of (income ); net earning :
Step 3. Translate 's transaction. purchases 1 unit of (cost ) and sells 3 units of and 1 unit of (income ); net earning :
Step 4. Write the system in matrix form .
Step 5. Compute by expanding along row 1.
Step 6. Compute the cofactors and assemble the adjoint.
Taking the transpose of the cofactor matrix, …
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