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April 20, 2014

April 20, 2014

Posted by **StuartKess** on Friday, October 21, 2011 at 6:38am.

A :$20000000

B : $250000000

G : $350000000

He made a profit of $(9.6x10^6) when he sold the companies. He also made a profit of 25% on A and loss of 10% on B. Find the percentage profit he made on G.

How do I do this? What are the fixed steps? Thanks so much! :)))))

- Math -
**Steve**, Friday, October 21, 2011 at 12:50pmLet a,b,g be the cost of the companies

To make things simpler, let's deal in millions (10^6)

1.25a = 20

.9b = 250

a = 16

b = 277.77777

profit on a = 4

profit on b = -27.77777

profit on g = 9.6 -(4-27.777) = 33.3777

g = 350-33.3777 = 316.62222

%profit on g is profit/cost = .105 = 10.5%

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