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    sum of the 2010 and 2011 profits

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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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    https://brainmass.com/business/business-math/sum-profits-386193

    Solution Preview

    Let the 2010 profit be x dollars

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

    Profit of ...

    Solution Summary

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

    $2.19