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I’m game shows 30% is taken from your prize earnings. How much would a game show give you in order to equal 1 hundred thousand, after taxes?

I already have the equation worked out-
100,000= Y- (30%xY)

You gotta find Y

1 Answer

5 votes

Answer:

$142,857.14

Explanation:

As per the question,

  • Y = prize money
  • $100,000 is the money you get
  • 30% is deducted from Y

Solving for Y

  • Convert 30% to decimal form
  • Divide 30% by 100%
  • 30%/100% = 0.3
  • Now, solve the equation.
  • 100,000 = Y - 0.3Y
  • 100,000 = 0.7Y
  • 100,000 = 7Y/10
  • Y = 1,000,000/7
  • Y = $142,857.14
User MisterNox
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