SOLUTION: Please please help with the following problem - A nursery has $20,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a re

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Please please help with the following problem - A nursery has $20,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a re      Log On

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Question 51976: Please please help with the following problem - A nursery has $20,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a red maple is 17%. The profit for the entire stock is 20%. How much was invested in each type of tree?
Thank you very much!!!!
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The profit for the entire stock is
.20%2A20000+=+4000
If the amount invested in the dogwoods is x, the amount invested
in the maples is 20000 - x
4000+=+.25%2Ax+%2B+.17%2A%2820000+-+x%29
4000+=+.25%2Ax+%2B+34000+-+.17%2Ax
.08%2Ax+=+600
x+=+600+%2F+.08
x+=+7500
20000+-+x+=+12500
So, 7,500 was invested in dogwoods and 12,500 was invested in maples