SOLUTION: Rolex smudgepot owns 17 ounces of gold. This is one ounce more than three-fourths of the amount he owned last year. How much did he own last year? Pleaseeee help and explain thanks

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Question 348424: Rolex smudgepot owns 17 ounces of gold. This is one ounce more than three-fourths of the amount he owned last year. How much did he own last year? Pleaseeee help and explain thanks ur all awesome:)
Found 2 solutions by Edwin McCravy, Alan3354:
Answer by Edwin McCravy(20086) About Me  (Show Source):
You can put this solution on YOUR website!
Rolex smudgepot owns 17 ounces of gold. This is one ounce more than three-fourths of the amount he owned last year. How much did he own last year? Pleaseeee help and explain thanks ur all awesome:)
17 is 1 more than 3%2F4ths of x

17%22%22=%22%223%2F4x%22%22+%2B+1

Can you solve that?  If not post again asking how.

The answer is 64%2F3 or 21%261%2F3.

Edwin

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Rolex smudgepot owns 17 ounces of gold. This is one ounce more than three-fourths of the amount he owned last year. How much did he own last year?
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ly = last year's amount
17 = (3/4)*ly + 1
(3/4)ly = 16
3ly = 64
ly = 64/3 ounces