Ask Question
5 August, 13:11

An investment firm invested in two companies last year. They invested $8000 in Company A and made a profit of 11%. They invested $24000 in Company B and made a profit of 13%.

+3
Answers (1)
  1. 5 August, 13:34
    0
    A) What is the investment firms total profit.

    B) What is the percent profit of the total investment

    A) What is the investment firms total profit?

    0.11*8000 + 0.13*24000

    880 + 3120 = $3120

    The investment firms total profit is $3120

    B) What is the percent profit of the total investment?

    The total investment is: $8,000 + $24,000 = $32,000

    The percent profit of the total investment is:

    3,120/32,000 = 0.0975 or 9.75%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An investment firm invested in two companies last year. They invested $8000 in Company A and made a profit of 11%. They invested $24000 in ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers