Question

Eagle-Eye is a financial house which has two branches; one in Accra and the other in Legos. The year 2021 was a boom financial year for this young company of which the company made net positive return of $250 million. In comparative analysis to determine which of the two markets is more viable, it came out clearly that Accra market is $40 million more than twice the Legos market.
I) Formulate appropriate system of equations for the net financial return in the financial year in question.

II)Express the net return from the two markets as ratio of Accra Market to Legos market in the simplest form

Answer 1

The system of equations are:

a + l = 250 million equation 1.

a = 40 million + 2l equation 2

Where:

• a = profit made in Accra
• l = profit made in Lagos

The ratio of net return is 18 : 7

What is the profit made in the Lagos market?

Substitute for a in equation 1 using equation 2

40 + 2l + l = 250

40 + 3l = 250

3l = 250 - 40

3l = 210

l = 210 / 3

l = 70 million

What is the profit made in the Accra market?

Subtract 70 million from 250 million:  250 - 70 = $180 million

The ratio of returns : 180 million : 70 million

18 : 7

To learn more about simultaneous equations, please check: brainly.com/question/25875552

#SPJ1