Problema Solution
Susan Marciano invested part of her $27,000 bonus in a fund that paid a 12% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her overall net profit was $1,200
Answer provided by our tutors
the amount invested in 12% profit is x
and on stock is y
then x+y=27000
and 0.12x-0.05y=1200
solving equation we found
x=15000 and y=12000