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Suppose that in 2012 Johnson Industries earned a profit of $1400. You know that in 2012 profits grew by 40% from their 2011 level. Also in 2011, profits grew by 25% from their 2010 level. Calculate the sum of the 2010 and 2011 profits.

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The solution calculates the sum of the 2010 and 2011 profits.

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Let the 2010 profit be x dollars

profit of 2011 will be x + 0.25x = 1.25x

Profit of ...

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Sandhya Sharma, MSc
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  • BSc, Meerut University
  • MSc, Meerut University
  • MPhil, Institute of Advanced Studies
  • MSc, AIT
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