Question

A company makes a profit of 7% on a sale of $2,000; it also makes a profit of 6% on a $5,000 sale. How much total profit did the company make on both transactions?

Answer 1

Answer:$440

Step-by-step explanation:

On a sale of $2,000 7% profit is made. To calculate the profit, we will calculate the 7% of $2,000

= 7/100×2000

= $140.00

Similarly on $5,000 sale, 6% profit will give;

6% of $5,000

= 6/100 × $5,000

= $300

Total profit made on both transaction will be $140+$300 which is $440