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Abstract
Mathematics is everywhere: prognostication cash dispenser machines, secure websites, electronic games, applied mathematics information analysis, opinion polls and `plenty of additional. Mathematics and Statistics hold pivotal position in almost every field like Industry, Commerce, Physics, Chemistry, Economics, Biology, Psychology, Astronomy and many more, so application of mathematics is quite extensive. It has devised many tools in the field of commerce and management. This paper tries to summary a number of the necessary areas of mathematics like algebra, matrices, statistics, probability, linear algebra and operational analysis in business that helps in achieving the business objectives viz. maximizing profits, minimizing costs and ensuring optimal utilization of resources.