SOLUTION: Michael spent 20% of his money and then gave 60% of what he had left to her sister. He then had only $32 left, How much money did he had at first?

Question 171172: Michael spent 20% of his money and then gave 60% of what he had left to her sister. He then had only $32 left, How much money did he had at first?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Michael spent 20% of his money and then gave 60% of what he had left to her sister. He then had only $32 left, How much money did he had at first?
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Let first amount be "x".
EQUATION:
x*(1-0.20)(1-0.60) = 32
x*0.8*0.4 = 32
x*0.32 = 32
x = 32/0.32
x = $100.00
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Cheers,
Stan H.
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