SOLUTION: Hi, I am stuck on the following question and can't seem to find a solution: 23% of a sum of money is $142.60; what is 20% of it? Possible outcomes A) $120.08 B) $62 C) $124

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Hi, I am stuck on the following question and can't seem to find a solution: 23% of a sum of money is $142.60; what is 20% of it? Possible outcomes A) $120.08 B) $62 C) $124      Log On


   

Question 450072: Hi, I am stuck on the following question and can't seem to find a solution:
23% of a sum of money is $142.60; what is 20% of it?
Possible outcomes A) $120.08 B) $62 C) $124 D) $95.10
Thanks for your help!
Gladys
Found 2 solutions by ewatrrr, jorel1380:
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,best to think of it as a 2-part question

Let x represent that sum of money

 .23x = $142.60

   x =  $142.60/.23 = $620, that sum of money

AND

 .20*$620 = $124

Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
23/20=142.60/x
2852=23x
2852/23=x
x=$124.00..