Lee and Oliver share a sum of money. Lee receives $1400. If Lee gets $550 more, the amount of money Oliver gets will decrease by 50%. Find the sum of money that the boys share.
| |
Lee |
Oliver |
| Before |
1400 |
100% |
| Change |
+ 550 |
550 (- 50%) |
| After |
|
50% |
If Lee gets $550 more, it means Oliver will receive less money as they share a sum of money.
Amount that Oliver gets less in percent = 50%
50% → 550
1% → 550 ÷ 50 = 11
Amount that Oliver has
= 100%
= 100 x 11
= $1100
Amount that the boys share
= 1100 + 1400
= $2500
Answer(s): $2500
