I am trying to figure out how to calculate based on a total profit of $5500, 15% was made from one piece of land and there was a 10% loss on the other piece of land. From that I have to determine how much was paid for each piece of land? Both were purchased for a total of $120,000.

Question

I am trying to figure out how to calculate based on a total profit of $5500, 15% was made from one piece of land and there was a 10% loss on the other piece of land.  From that I have to determine how much was paid for each piece of land?  Both were purchased for a total of $120,000.

anonymous · Answer

and solve for X and Y :)

anonymous · Answer

Thank you!

anonymous · Answer

wait i made a mistake with the first equation, but lets see if u know wat it is? :P

anonymous · Answer

This is my first math class in about 15 years.  How can you solve for 2 different variables in the same equation?

anonymous · Answer

then ill like to make sure u completly understand wat i did, can u tell me where i got my equations from?

anonymous · Answer

I actually have no idea...  :(

anonymous · Answer

ok lets look at the 2nd equation first.
$120,000 is the amount paid for island 1 and island 2
then let the amount paid for island 1 be X and
let the amount paid for island 2 be Y
Thus, $120,000 is the amount paid for X and Y
and therefore $120,000 = X + Y
understand it a lil better?

anonymous · Answer

yes, that part I understand.

anonymous · Answer

ok now the 1st equation :)

anonymous · Answer

thats where I am lost

anonymous · Answer

well first i told u i made a mistake, which im now going to correct

anonymous · Answer

ok

anonymous · Answer

we know the total profit is $5500 and the 1st island made a profit of 15% while the 2nd island made a lose of 10%

anonymous · Answer

yes, I understand that.

anonymous · Answer

then $5500 would be the profit made from the 1st island minus the lose made from the 2nd island

anonymous · Answer

do u think u can tell me wat the profit made from the first island is with respect to X?

anonymous · Answer

$6325

anonymous · Answer

how u got that number?

anonymous · Answer

115%X = $5500

anonymous · Answer

first, 115%X isnt the profit of  island 1, 115% is the amount paid to get the island + the profit, u understand?

anonymous · Answer

I have no idea.  I am wasting your time.  I should find a tutor, because I need more help than you can give.  Thank you for your time.

anonymous · Answer

no! i can help :(:(:(

anonymous · Answer

15% of X is the profit of island 1

anonymous · Answer

ill spend hrs if i have too but ur going to understand after im done with u :P

anonymous · Answer

I'm sorry.  I don't have hours to do this.  I really appreciate you trying.  Thank you.

anonymous · Answer

:( lol how long u have?

radar · Answer

You know @HawkCrimson , I believe you could of taught her with her having an understanding.  Obviously, she wasn't interested, too bad.