Jack on 60% of a property 250 of his share in earth $54000 find the total value of the property?
1)$200000
2)$325000
3) $225000
4) don't determined
Answers
Answer:
4) don't ddetermined because $54000 has to e has $225000
The total value of the property is (3) $225000.
Given: Jake owns 60% of a property, and two-fifth of his share is worth $54,000.
To Find: The total value of the property.
Solution:
The question given is slightly incorrect. The correct form of the question should be as follows:
Jake owns 60% of a property, two-fifth of his share is worth $54,000. Find the total value of the property.
Let the total value of the property be 'x'.
It is said that Jake owns 60% of the property.
So, a fraction of the property owned by Jake = 60x / 100
= 3x / 5
Now, it is again said that two-fifths of his share is worth $54,000.
So, we can write it as = ( 2 / 5 ) of ( 3x / 5 ) = ( 2 / 5 ) × ( 3x / 5 )
= 6x / 25
Now, we can form an equation with the given information as;
6x / 25 = $54000
⇒ x = $ ( 54000 × 25 ) / 6
⇒ x = $ 1350000 / 6
⇒ x = $225000
Hence, the total value of the property is (3) $225000.
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