SOLUTION: )the total profit for a company in februaly was 20% higher than it was in january.the total profit for the two months was $157,498. find the profit for each month.

Algebra ->  Algebra  -> Probability-and-statistics -> SOLUTION: )the total profit for a company in februaly was 20% higher than it was in january.the total profit for the two months was $157,498. find the profit for each month.       Log On

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Question 70273: )the total profit for a company in februaly was 20% higher than it was in january.the total profit for the two months was $157,498. find the profit for each month.

Answer by stanbon(48568) About Me  (Show Source):
You can put this solution on YOUR website!
the total profit for a company in februaly was 20% higher than it was in january.the total profit for the two months was $157,498. find the profit for each month.
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Let profit for january be "x".
Then profit for february is "1.20x"
EQUATION:
x+1.20x = 157,498
2.20x = 157,498
x=$71590 (January profit)
1.20x = $85,908 (February profit)
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Cheers,
Stan H.