greeting card college algerbra question

Question

In october, a greeting card company's total profit was 12% more than it was in september. The total profit for the two months was $689,000. Find the profit for each month

Answer 1

So, Molly, if you add 12% to a total, you now have 112%, right? If p = September's profit...

 

p + 1.12p = 689,000

2.12p = 689,000

p = 325,000

1.12(325,000) = 364,000

 

September's profit was $325,000 and October's was $364,000.