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Methods of Solving Simultaneous Equations & Word Problems | B.Com Notes

Study material and explanations for Unit 1

Methods of Solving Simultaneous Equations & Word Problems

1. The Three Algebraic Solution Methods

Algebraic Methods for Solving Simultaneous Systems
Method 1 Elimination by Equating Coefficients:
Multiply one or both equations by suitable constants so that coefficients of one variable match, then add or subtract to eliminate that variable.
Method 2 Method of Substitution:
Express one variable in terms of the other from one equation, and substitute this expression into the second equation to produce a single-variable equation.
Method 3 Cross-Multiplication Method:
Direct formula using coefficient cross-products: x / (b₁c₂ - b₂c₁) = y / (c₁a₂ - c₂a₁) = 1 / (a₁b₂ - a₂b₁).

2. Solving Commercial Business Word Problems

Problem 1: Optimal Product Pricing

Question: A departmental store sells 3 shirts and 2 pairs of trousers for ₹3,500. Another customer buys 2 shirts and 4 pairs of trousers of the same quality for ₹5,000. Determine the individual cost of one shirt and one pair of trousers.

Step-by-Step Solution:

  1. Define the variables:
    • Let cost of 1 shirt = x (in ₹)
    • Let cost of 1 pair of trousers = y (in ₹)
  2. Formulate the system of equations:
    • Equation (1): 3x + 2y = 3,500
    • Equation (2): 2x + 4y = 5,000
  3. Simplify Equation (2) by dividing through by 2:
    • x + 2y = 2,500
    • Express x in terms of y: x = 2,500 - 2y
  4. Substitute x into Equation (1):
    • 3 × (2,500 - 2y) + 2y = 3,500
    • 7,500 - 6y + 2y = 3,500
    • 7,500 - 4y = 3,500
    • 4y = 7,500 - 3,500 = 4,000
    • y = 4,000 ÷ 4 = 1,000
  5. Substitute y back to find x:
    • x = 2,500 - 2 × (1,000)
    • x = 2,500 - 2,000 = 500
  6. Conclusion:
    • Cost of one shirt = ₹500
    • Cost of one pair of trousers = ₹1,000
    • Verification: (3 × 500) + (2 × 1,000) = 1,500 + 2,000 = ₹3,500 (Matches!)

Problem 2: Fixed and Variable Cost Allocation

Question: The total operating cost of an industrial printing press is partly fixed and partly varies directly with the number of brochures printed. Printing 1,000 brochures costs ₹4,500, while printing 2,500 brochures costs ₹8,250. Find the fixed monthly overhead cost and the variable cost per brochure.

Step-by-Step Solution:

  1. Define variables:
    • Fixed monthly cost = F (in ₹)
    • Variable cost per brochure = v (in ₹)
  2. Formulate equations:
    • For 1,000 brochures: F + 1,000v = 4,500  …(Equation 1)
    • For 2,500 brochures: F + 2,500v = 8,250  …(Equation 2)
  3. Subtract Equation (1) from Equation (2) to eliminate F:
    • (F - F) + (2,500v - 1,000v) = 8,250 - 4,500
    • 1,500v = 3,750
    • v = 3,750 ÷ 1,500 = 2.50
  4. Substitute v = 2.50 into Equation (1):
    • F + 1,000 × (2.50) = 4,500
    • F + 2,500 = 4,500
    • F = 4,500 - 2,500 = 2,000
  5. Conclusion:
    • Fixed monthly overhead = ₹2,000
    • Variable cost per brochure = ₹2.50
    • Verification: 2,000 + (2,500 × 2.50) = 2,000 + 6,250 = ₹8,250 (Matches!)