A group of 5 coworkers is going to equally divide the proceeds,after taxes,of a winning lottery ticket.if tax consume 40% of the total prize,and each coworker will receive $1800000.what is the total amount of the prize??
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Amount one person gets = 1800000
so, 5 persons will get = 1800000×5 = 9000000
this is the total amount after tax deduction.
Let the full amount be x.
Then,
x - 40%of x = 9000000
⇒ x - 40/100 × x = 9000000
⇒ 60/100 x = 9000000
⇒ x= 9000000 × 100 / 60
solving it, we get
total amount = 15000000
so, 5 persons will get = 1800000×5 = 9000000
this is the total amount after tax deduction.
Let the full amount be x.
Then,
x - 40%of x = 9000000
⇒ x - 40/100 × x = 9000000
⇒ 60/100 x = 9000000
⇒ x= 9000000 × 100 / 60
solving it, we get
total amount = 15000000
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