SOLUTION: Ok, there is $50,000.00 plus to be divided amount seven people 6 of the 7 get 12% - the amount they receive is $8225.88 1 of the seven gets 28% what do they receive and what was

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Ok, there is $50,000.00 plus to be divided amount seven people 6 of the 7 get 12% - the amount they receive is $8225.88 1 of the seven gets 28% what do they receive and what was       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 995606: Ok, there is $50,000.00 plus to be divided amount seven people
6 of the 7 get 12% - the amount they receive is $8225.88
1 of the seven gets 28% what do they receive and what was the total to be divided?

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
12% of the total is 8225.88
The total is 8225.88/0.12 = $68,549
The last person gets 28% of that, or $19193.72
Divide the 7th person's by the amount one of the six got, and the ratio is 7/3, or 2.33 times, and that is the ratio of 28% to 12%, check