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? %

(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     =

                       = 18.96%

it could be a ..idk tho

step-by-step explanation:

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