Ryan and Owen share a sum of money. Ryan receives $700. If Ryan gets $40 less, the amount of money Owen gets will increase by 20%. Find the sum of money that the boys share.
| |
Ryan |
Owen |
| Before |
700 |
100% |
| Change |
- 40 |
+ 40 (+ 20%) |
| After |
|
120% |
If Ryan gets $40 less, it means Owen will receive more money as they share a sum of money.
Amount that Owen gets more in percent = 20%
20% → 40
1% → 40 ÷ 20 = 2
Amount that Owen has
= 100%
= 100 x 2
= $200
Amount that the boys share
= 200 + 700
= $900
Answer(s): $900
