document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=284285>Question 284285</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi! I need to ask help for this problem. The answer that I got was $1,200, and I've a nagging feeling that that may be wrong. The problem is:<BR>\n" );
document.write( "Mr. A owned 60% of a mill and Mr. B the remainder. Mr. A sold part of what he owned to Mr. B for $1,200, and then Mr. B owned as much as Mr. A. At this rate, how much is the total value of the mill? </SPAN>\n" );
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document.write( "Certainly the answer of $1200 that you got for the total value must be wrong, since A sold part of his share to B for $1200.  But since the correct answer is $12,000, perhaps your work was okay but you got the decimal point in the wrong place.<br><BR>\n" );
document.write( "Initially, A owned 60%; after he sold some to B, the two had equal shares, so A now owned 50%.<br><BR>\n" );
document.write( "That means 10% of the value traded hands, and the amount of that transaction was $1200.  Since 10% is one-tenth of the total, the total value is $12,000.<br><BR>\n" );
document.write( "ANSWER: $12,000<br><BR>\n" );
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