Question

Phil Lanthropist won a great deal of money in a contest. He gave 20% of his winnings to his parents, 25% of the remaining money to his children, and the remaining $900,000 to his favorite charity. What was the total number of dollars that Phil won?

Answer 1

$1,636,363.64

Explanation:

let x = total amount of money received

the total amount he received is 100%

Percent remaining after giving a percent of the money to family = 100% - 20% - 25% = 55%

This means that 55% of x = $900,000

To find the value of x, divide both sides by 55% or 0.55

x = $900,000 / 0.55 = $1,636,363.64