‪#‎ what‬is the scope of BusinessMathematics. Mathematics is an important subject and knowledge of it enhances a person's reasoning, problem-solvingskills, and in general, the ability to think. Hence it is important for understanding almost every subject whether science and technology, medicine,the economy, or business and finance.Mathematical tools such asthe theory of chaos are used to mapping market trends and forecasting of the same. Statistics and probability which are branches of mathematics are used in everydaybusiness and economics. Mathematics also forman important part of accounting, andmany accountancy companies prefer graduates with joint degrees with mathematics rather than just an accountancy qualification. Financial Mathematics and Business Mathematics form two important branches of mathematics in today's world and these are directapplication of mathematics to business and economics. Examples of applied maths such as probability theory and management science, such as queuing theory, time-series analysis, linear programming all are vital maths for business. As a chartered accountant, I have found statistics very useful. From selecting Samples for Audit to performing a Hypothesis to check whether financial statements are true & fair. In banking sector while I do Asset Liability Management, I have to use different types of distribution to predict the behavior of underlyingvariables. Stream like Equity Research mainly depends upon the statistical analysis. You can only imagine its use & sky is the limit.

# # Simple Definition of Business Mathematics And Advantages of Business Mathematics. "Business mathematics may be define different mathematical formulas or mathematical steps which are taken for developmentin business . Large number of business theories which is used to solve business problems are included in businessmathematics." Explanation of Definition of Business Mathematics From this simple definition , we find that business mathematics isnothing more than different formulas and theories like interestrate , annuity rate , matrix theory , linear programming theory and probability theory and many more. With these formulas and theories business can calculate many solutions of different problems . Advantages of Business Mathematics *.With interestrate of maths , businessman can calculate the interest on debt , loan or bonds. *.With matrix, businessman can calculate salary bill of different department and branches . *.With Linear programming , business can determine the quantity of two products at whichprofit is maximize or cost is minimize . *.With discounting and factoring technique businessman can calculate present value of bill , rat of discounting the bill and banker's gain *.With currency translation formula of maths , businessman can cost of currency between twocountries . *.With Assignment solution technique businessman can solve transportation problems. *.Large number of business estimations are done on the basisof probability theoryof business mathematics . *.Market research bureau can use consistency data theory of business mathematics for calculating estimating profit , capital and sale of business.