Mathematics, 30.01.2020 13:51 poptropic7623

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% . answer the questions below. do not do any rounding.
(a) what was the investment firm's total profit? $
(b) what was the percent profit for their total investment? %

Answers: 3

Show answers

Answers

First off, "whatever%" of "anything" is just (whatever/100) * anything

part A)

so... firm A got 11,000 invested, turned a profit of 24%, how much is 24% of 11000? well (24/100) * 11000

firm B got 14,000 invested, and returned 15% in profits, how much is 15% of 14000? (15/100) * 14000

part B)

for the amounts above, we get 2640 and 2100 respectively

so, the total profit "amount" is 2640 + 2100 or 4740

the total investement was 11000+14000 = 25000

if 25000 is the 100%, how much is 4740 in percentage?

$\bf \begin{array}{ccllll}
amount&\%\\
\text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\
25000&100\\
4740&x
\end{array}\implies \cfrac{25000}{4740}=\cfrac{100}{x}$

solve for "x"

Answer from: mriffell11

(a) $4,740 (b) 18.96%

Step-by-step explanation:

An investment firm invested in two companies.

In company A they invested $11,000 and made a profit of 24%.

In company B they invested $14,000 and made a profit of 15%.

(a) We will calculate the firm's total profit :

In Company A profit = 24% of 11,000

= 0.24 × 11,000

= $2,640

In Company B profit = 15% of 14,000

= 0.15 × 14,000

= $2,100

Total profit = $2,640 + $2,100 = $4,740

(b) We will calculate the percent profit for their total investment.

Total investment = $25,000

Total profit = $4,740

Percentage = $\frac{4740}{25000}\times 100$

= 18.96%

Answer from: Quest

g(x) = x² + 2

step-by-step explanation:

it is given that the graphs are the same shape.

the only difference is that the red graph is 2 units higher than the blue graph.

that is to say that the red graph is simply the blue graph that has been moved vertically by 2 units in the positive y direction.

hence

g(x) = f(x) + 2

g(x) = x² + 2

The graphs below have the same shape. what is the equation of the red graph?

Answer from: Quest

Ithink it would be 160 people

Another question on Mathematics

Mathematics, 21.06.2019 22:00

If i had 1234 apples and 1 banana what is the total amount

Answers: 2

Answer

Mathematics, 22.06.2019 00:30

Astudent was asked to find the square of 7x+3. the student quickly wrote (7x+3)^3= 49x^2+9. identify the student's error and provide the correct answer.

Answers: 3

Answer

Mathematics, 22.06.2019 03:10

Two groups of students were asked how many hours they spent reading each day. the table below shows the numbers for each group: group a 1 2 1 1 3 3 2 2 3 group b 3 2 3 2 2 2 1 1 2 based on the table, which of the following is true? the interquartile range for group a students is 0.5 less than the interquartile range for group b students. the interquartile range for group a students is equal to the interquartile range for group b students. the interquartile range for group a employees is 0.5 more than to the interquartile range for group b students. the interquartile range for group a employees is 1 more than the interquartile range for group b students.

Answers: 1

Answer

Mathematics, 22.06.2019 04:00

Sarah needs 3 feet of fabric for a project she is working on, but the store only sells the fabric in meters. one meter of fabric costs $1.20. how much will the fabric cost?

Answers: 2

Answer

You know the right answer?

An investment firm invested in two companies last year. they invested $11,000 in company a and made...

Questions