Question 284285: 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:
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?
Answer by mananth(16946)   (Show Source):
You can put this solution on YOUR website! 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?
let the value of the mill be $x
A owned 3/5 * x = 3x/5
B owned 2/5*x= 2x/5
3x/5-1200 = 2x/5
x/5=1200
x=6000
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