Liam and Justin share a sum of money. Liam receives $700. If Liam gets $60 less, the amount of money Justin gets will increase by 20%. Find the sum of money that the boys share.
| |
Liam |
Justin |
| Before |
700 |
100% |
| Change |
- 60 |
+ 60 (+ 20%) |
| After |
|
120% |
If Liam gets $60 less, it means Justin will receive more money as they share a sum of money.
Amount that Justin gets more in percent = 20%
20% → 60
1% → 60 ÷ 20 = 3
Amount that Justin has
= 100%
= 100 x 3
= $300
Amount that the boys share
= 300 + 700
= $1000
Answer(s): $1000
