Albert and Michael share a sum of money. Albert receives $500. If Albert gets $110 less, the amount of money Michael gets will increase by 55%. Find the sum of money that the boys share.
| |
Albert |
Michael |
| Before |
500 |
100% |
| Change |
- 110 |
+ 110 (+ 55%) |
| After |
|
155% |
If Albert gets $110 less, it means Michael will receive more money as they share a sum of money.
Amount that Michael gets more in percent = 55%
55% → 110
1% → 110 ÷ 55 = 2
Amount that Michael has
= 100%
= 100 x 2
= $200
Amount that the boys share
= 200 + 500
= $700
Answer(s): $700
