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ikadub [295]
3 years ago
13

An investment firm invested in 2 companies last year. They invested 40,000 in company A and made a profit of 15%. They invested

company B 10,000 and made profit of 22% How much was total profit and percentage
Mathematics
1 answer:
Bad White [126]3 years ago
8 0

Answer:total profit is $8200.

Percentage of profit is 16.4℅

Step-by-step explanation:

Let x represent the total profit.

Total amount invested in company A is $40000. The profit made from this investment is 15% of 40000. It becomes

15/100 × 40000 = 6000

Total amount invested in company B is $10000. The profit made from this investment is 22% of 10000. It becomes

22/100 × 10000 = 2200

The total profit would be 6000 + 2200 = $8200

Total amount of money 40000 + 10000 = 50000

The percentage of the total profit on the total amount invested is

8200/50000 × 100 = 16.4%

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Detailed answer:

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