Question

If 12 1/2% of a sum of money is $40, what is the TOTAL sum of money?

Answer 1

$320

Explanation:

Let the total sum of money be $x.

Therefore,

12 1/2% of x = 40

25/2% * x = 40

0.125 * x= 40

x = 40/0.125

x = $320

Thus, total sum of money is $320.