Fred and Luke share a sum of money. Fred receives $2000. If Fred gets $400 less, the amount of money Luke gets will increase by 50%. Find the sum of money that the boys share.
| |
Fred |
Luke |
| Before |
2000 |
100% |
| Change |
- 400 |
+ 400 (+ 50%) |
| After |
|
150% |
If Fred gets $400 less, it means Luke will receive more money as they share a sum of money.
Amount that Luke gets more in percent = 50%
50% → 400
1% → 400 ÷ 50 = 8
Amount that Luke has
= 100%
= 100 x 8
= $800
Amount that the boys share
= 800 + 2000
= $2800
Answer(s): $2800
