Consider the following investments Investment A A profit of

Consider the following investments. Investment A: A profit of $480 on a $2500 investment Investment B: A profit of $380 on a $4000 investment. Step 1 of 3: Calculate the percentage of profit for Investment A. your answer to the nearest hundredth of a percent. Round

Solution

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Profit on Investment A = 480$

Investment A amount = 2500 $

Profit % = (480/2500)*100

             = 19.2%

Profit on Investment B = 380$

Investment B amount = 4000 $

Profit % = (380/4000)*100

             = 9.5%

Solution