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Bicycle Greeting Cards

Bicycle Greeting CardsAnswer the question of substance?

Chris has invested $ 2,300 in two small businesses. Last year, the greeting card industry has made a profit of 14% investment in the RE business, while the activity of repairing bicycles showed a loss of 6%. if the net benefit of Chris from the two companies was $ 102, its investment in the sector of greeting cards was $_____.

x + y = 2300 y = 2300 - x

Y = 0.94 + 1.14X 2402

1.14X + 0.94 (2300 - x) = 2402

1.14X - 0.94x + 2162 = 2402

0.20x = 240

x = $ 1,200

Posted on April 9, 2010.
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