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After paying 25% in taxes and paying off his car loan of $23,000, he has $22,000 left. what was the grand prize of the scratch-off before taxes were applied and before jose paid off his car loan?
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42 votes
42 votes
After paying 25% in taxes and paying off his car loan of $23,000, he has $22,000 left. what was the grand prize of the scratch-off before taxes were applied and before jose paid off his car loan?

User MrNew
by
2.6k points

1 Answer

22 votes
22 votes

Answer:

60,000

Step-by-step explanation:

price before he paid his loan was 22000+ 23000 = 45000

25% were taxes which means 75% is the value remaining after paying taxes.

let the original prize be x

x × 75% = 45000

45000/75% = x

x = 60000

User Habrewning
by
3.2k points
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