Difference between revisions of "2007 AMC 12A Problems/Problem 5"

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{{duplicate|[[2007 AMC 12A Problems|2007 AMC 12A #5]] and [[2007 AMC 10A Problems/Problem 7|2007 AMC 10A #7]]}}
 
{{duplicate|[[2007 AMC 12A Problems|2007 AMC 12A #5]] and [[2007 AMC 10A Problems/Problem 7|2007 AMC 10A #7]]}}
 
==Problem==
 
==Problem==
Last year he paid <math>20\%</math> in federal taxes on his income, and paid <math>10\%</math> of what he had left to pay for state taxes. He paid a total of <math>\textdollar10500</math> for both expenses. How many dollars did he get from the beginning?
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Last year Mr. Jon Q. Public received an inheritance. He paid <math>20\%</math> in federal taxes on the inheritance, and paid <math>10\%</math> of what he had left in state taxes. He paid a total of <math>\textdollar10500</math> for both taxes. How many dollars was his inheritance?
  
 
<math>(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000</math>
 
<math>(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000</math>

Latest revision as of 17:40, 19 January 2020

The following problem is from both the 2007 AMC 12A #5 and 2007 AMC 10A #7, so both problems redirect to this page.

Problem

Last year Mr. Jon Q. Public received an inheritance. He paid $20\%$ in federal taxes on the inheritance, and paid $10\%$ of what he had left in state taxes. He paid a total of $\textdollar10500$ for both taxes. How many dollars was his inheritance?

$(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000$

Solution

After paying his taxes, he has $0.8*0.9=0.72$ of his earnings left. Since $10500$ is $0.28$ of his income, he got a total of $\frac{10500}{0.28}=37500\  \mathrm{(D)}$.

See also

2007 AMC 12A (ProblemsAnswer KeyResources)
Preceded by
Problem 4
Followed by
Problem 6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
All AMC 12 Problems and Solutions
2007 AMC 10A (ProblemsAnswer KeyResources)
Preceded by
Problem 6
Followed by
Problem 8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
All AMC 10 Problems and Solutions

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