Tommy and Vincent share a sum of money. Tommy receives $500. If Tommy gets $100 less, the amount of money Vincent gets will increase by 20%. Find the sum of money that the boys share.
| |
Tommy |
Vincent |
| Before |
500 |
100% |
| Change |
- 100 |
+ 100 (+ 20%) |
| After |
|
120% |
If Tommy gets $100 less, it means Vincent will receive more money as they share a sum of money.
Amount that Vincent gets more in percent = 20%
20% → 100
1% → 100 ÷ 20 = 5
Amount that Vincent has
= 100%
= 100 x 5
= $500
Amount that the boys share
= 500 + 500
= $1000
Answer(s): $1000
