Question

Susan Marciano invested part of her $19000 bonus in a fund that paid a 12% profit and invested the rest in stock that suffered a %4 loss. Find the amount of each investment if her overall net profit was $520

Answer 1

The investment in the fund was $19000 x 0.12 = $2280

The investment in the stock was $19000 - $2280 = $16720

The net profit was $520, so the amount of the profit from the fund was $520 x (2280/16720) = $136

The amount of the loss from the stock was $520 - $136 = $384