BlackRose
Answered

Andrew won a cash prize on a game show. Andrew paid taxes of 29% on the original cash prize and had $28,000 remaining. How much was the original cash prize?

Verified Answer :

stradlater

36,120 was the original cash prize

let's put this in an equation ->

\(\frac{29}{100}\) = \(\frac{28,000}{y}\)

a clever way to figure out y, which here would be the original cash prize, is as follows:

28,000 ÷ 100 = 280
280 × 29 = 8120 (this is the tax he paid)

now, add the tax to what he recieved -> 28000 + 8120 = 36120

Related Questions