Ivan and Oscar share a sum of money. Ivan receives $500. If Ivan gets $175 less, the amount of money Oscar gets will increase by 25%. Find the sum of money that the boys share.
| |
Ivan |
Oscar |
| Before |
500 |
100% |
| Change |
- 175 |
+ 175 (+ 25%) |
| After |
|
125% |
If Ivan gets $175 less, it means Oscar will receive more money as they share a sum of money.
Amount that Oscar gets more in percent = 25%
25% → 175
1% → 175 ÷ 25 = 7
Amount that Oscar has
= 100%
= 100 x 7
= $700
Amount that the boys share
= 700 + 500
= $1200
Answer(s): $1200
