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1 October, 01:28

An investment firm invested in two companies last year. They invested $11,000

in Company A and made a profit of 24%. They invested $14,000 in Company B and made a profit of 15%

. Do not do any rounding.

(a) What was the investment firm's total profit?$

(b) What was the percent profit for their total investment?%

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  1. 1 October, 05:04
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    (a) total profit

    =11000*24%+14000*15%

    =2640+2100

    =$4740

    (b) percent profit

    =4740 / (11000+14000)

    = 0.1895

    =18.96%
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