SOLUTION: You invested some money and made a profit of $55. Your profit was 11% of your investment. How much did you invest?

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Question 979898: You invested some money and made a profit of $55. Your profit was 11% of your
investment. How much did you invest?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Hi there,
11% = $55
1% = 55/11
100% = 55/11 x 100
= $500
Hope this helps:-)