Question

How much money did Mr. Eddy have initially if he had $120 left after giving 0.4 of his money to his daughter and 0.5 of the remainder to his son?

A) $400
B) $480
C) $600
D) $800

Answer 1

Working backward from the $120 after Mr. Eddy gave money to his children, it is determined that he initially had $400.

Step-by-step explanation:

To determine how much money Mr. Eddy had initially, we need to work backward from the $120 he had left after giving money to his daughter and son.

First, he gave 0.4 of his initial money to his daughter. Then, Mr. Eddy had 60% of his money left. After that, he gave 0.5 of the remainder to his son, which means he was left with 50% of the remaining 60%. Since 50% of 60% is 30%, the $120 represents this final 30% of the original amount.

To find the original amount, we calculate:

Original Money = $120 / 30% = $120 / 0.3 = $400

Therefore, Mr. Eddy initially had $400.