Answer:
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%