Question

Susan invested part of her $10,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 5% loss. Find the amont of each investment if her overall net profit was $410.

Answer 1

ok so you can construct an equation. amount gaining profit is x. amount suffering loss is 10000-x.

1.08x+(10000-x)0.95=10410
solving for x gives you
x=7000
so 7000 dollars in the profit one and 3000 in the suffering one