Sean and Vincent share a sum of money. Sean receives $500. If Sean gets $240 less, the amount of money Vincent gets will increase by 20%. Find the sum of money that the boys share.
| |
Sean |
Vincent |
| Before |
500 |
100% |
| Change |
- 240 |
+ 240 (+ 20%) |
| After |
|
120% |
If Sean gets $240 less, it means Vincent will receive more money as they share a sum of money.
Amount that Vincent gets more in percent = 20%
20% → 240
1% → 240 ÷ 20 = 12
Amount that Vincent has
= 100%
= 100 x 12
= $1200
Amount that the boys share
= 1200 + 500
= $1700
Answer(s): $1700
