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An investment firm invested in two companies last year. They invested $8000 in Company A and made a profit of 11%. They invested $24000 in Company B and made a profit of 13%.

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Davison124

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%

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