SOLUTION: three people makori, ondiek and mosomi contributed money to start a business, makori contributed a quarter of the total amount and ondiek two fifth of the remainder. mosomi contrib

Question 600014: three people makori, ondiek and mosomi contributed money to start a business, makori contributed a quarter of the total amount and ondiek two fifth of the remainder. mosomi contribution was one and a half times that of makori. they borrowed the rest of the money from the bank which was 60,000 less than mosomi's contribution. find the total amount required to start a business?

Found 2 solutions by josmiceli, ankor@dixie-net.com:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount needed to start business
Makori contributes
----------------------
The remainder is
Ondiek contributes

----------------------
Mosomi contributes

----------------------
The remainder is

The total amount required is 200,000
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
three people makori, ondiek and mosomi contributed money to start a business, makori contributed a quarter of the total amount and ondiek two fifth of the remainder. mosomi contribution was one and a half times that of makori. they borrowed the rest of the money from the bank which was 60,000 less than mosomi's contribution. find the total amount required to start a business?
:
Lets use x, y, z for these "names"
:
Let t = total amt for the business
x: "one quarter of the amt":.25t
y: "two fifth of the remainder": .4(.75t) = .3t
z: "one and one half of x": 1.5(.25t) = .375t
Bank: .375t-60000
:
Total = x + y + z + bank
t = .25t + .3t + .375t + (.375t- 60000)
t = 1.3t - 60000
60000 = 1.3t - t
t =
t = $200,000 to start the business

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