Jeremy and Ian share a sum of money. Jeremy receives $1000. If Jeremy gets $50 more, the amount of money Ian gets will decrease by 25%. Find the sum of money that the boys share.
| |
Jeremy |
Ian |
| Before |
1000 |
100% |
| Change |
+ 50 |
50 (- 25%) |
| After |
|
75% |
If Jeremy gets $50 more, it means Ian will receive less money as they share a sum of money.
Amount that Ian gets less in percent = 25%
25% → 50
1% → 50 ÷ 25 = 2
Amount that Ian has
= 100%
= 100 x 2
= $200
Amount that the boys share
= 200 + 1000
= $1200
Answer(s): $1200
