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]]}}
 
==Problem==
 
==Problem==
 
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>\</math>10500 for both taxes. How many dollars was his inheritance?
 
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>\</math>10500 for both taxes. How many dollars was his inheritance?
  
<math>(\mathrm {A})30000</math>  <math>(\mathrm {B})32500</math>  <math>(\mathrm {C})35000</math>  <math>(\mathrm {D})37500</math>  <math>(\mathrm {E})40000</math>
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<math>(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000</math>
  
 
==Solution==
 
==Solution==
After paying his taxes, he has <math>.8*.9=.72</math> of the inheritance left. Since 10500 is .28 of the inheritance, the whole inheritance is <math>\frac{10500}{0.28}=37500\  \mathrm{(D)}</math>.
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After paying his taxes, he has <math>0.8*0.9=0.72</math> of the inheritance left. Since <math>10500</math> is <math>0.28</math> of the inheritance, the whole inheritance is <math>\frac{10500}{0.28}=37500\  \mathrm{(D)}</math>.
  
 
==See also==
 
==See also==
 
{{AMC12 box|year=2007|ab=A|num-b=4|num-a=6}}
 
{{AMC12 box|year=2007|ab=A|num-b=4|num-a=6}}
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{{AMC10 box|year=2007|ab=A|num-b=6|num-a=8}}
  
 
[[Category:Introductory Algebra Problems]]
 
[[Category:Introductory Algebra Problems]]

Revision as of 15:07, 6 January 2008

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 $$10500 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 the inheritance left. Since $10500$ is $0.28$ of the inheritance, the whole inheritance is $\frac{10500}{0.28}=37500\  \mathrm{(D)}$.

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