Luis and Ivan share a sum of money. Luis receives $600. If Luis gets $150 less, the amount of money Ivan gets will increase by 25%. Find the sum of money that the boys share.
| |
Luis |
Ivan |
| Before |
600 |
100% |
| Change |
- 150 |
+ 150 (+ 25%) |
| After |
|
125% |
If Luis gets $150 less, it means Ivan will receive more money as they share a sum of money.
Amount that Ivan gets more in percent = 25%
25% → 150
1% → 150 ÷ 25 = 6
Amount that Ivan has
= 100%
= 100 x 6
= $600
Amount that the boys share
= 600 + 600
= $1200
Answer(s): $1200
