A company makes a profit of 7% selling goods which cost $2,000

Profit and Loss

A company makes a profit of 7% selling goods which cost $2,000; it also makes a profit of 6% selling a machine which cost the company $5,000. How much total profit did the company make on both transactions?
1. $300
2. $400
3. $420
4. $440

The company's profit = (2,000)(.07) + (5,000)(.06) = $140 + $300 = $440.

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