SOLUTION: how to solve: the profit for a company in february was 5% higher than it was in january. the total profit for the two months was $129,000. Find the profit for each month.

Question 492942: how to solve: the profit for a company in february was 5% higher than it was in january. the total profit for the two months was $129,000. Find the profit for each month.
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
how to solve: the profit for a company in february was 5% higher than it was in january. the total profit for the two months was $129,000. Find the profit for each month.
.
Let x = profit in Jan
then
1.05x = profit in Feb
.
x + 1.05x = 129000
2.05x = 129000
x = $62926.83 (profit in Jan)
.
profit in Feb:
1.05x = 1.05(62926.83) = 66073.17
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