Instructions

Study the following graph carefully to answer the questions.
Percent Profit Earned by Two Companies Producing Electronic Goods over the Years
percent profit =$$\frac{Profit Earned}{Total Investment}\times100$$
Profit Earned = Total Income - Total Investment in the year

Question 177

If the amount invested by the two Companies in 2005 was equal, what was the ratio between total income in 2005 of the Companies A and B respectively?

Solution

Let the investment of each company be I.

Income of A = Profit earned + I

= I * percent profit/100 + I = .7I + I = 1.7 I

Income of B = Profit earned + I

= I * percent profit/100 + I = .55 I + I = 1.55I

Ratio = 1.7 : 1.55 = 34 : 31

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If the amount invested by the two Companies in 2005 was equal, what was the ratio between total income in 2005 of the Companies A and B respectively?

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