Question

The school held a bake sale as a fundraiser. The bake sale only accepted quarters, loonies, and toonies.

⅓ of the coins in the bank are quarters and ⅕ of the coins are loonies. There are 48 toonies.

How much money did the fundraiser make?

Answer 1

There are 102 coins total:

34 Quarters

20 loonies

48 toonies

Explanation:

Assuming money is counted in coins instead of value, it can be solved like this.

1. find a common denominator for 1/3 and 1/5. We can use 15. So, of the money collected, 5/15 were quarters and 3/15 were loonies. This makes 7/15 toonies. If there are 48 toonies, we can divide this by 7 to find the value of 1/15. 48/7 = 6 6/7. Multiply this number by 15 (for each value) and you get 102 6/7.

There are 102 coins total:

34 Quarters

20 loonies

48 toonies