AMC 10 · 2007 · #7

Grade 7 arithmetic
percentagelinear-equations-one-varfraction-arithmetic convert-to-algebra ↑ Prerequisites: percentage
📏 Medium solution 💡 2 insights
Problem

Last year Mr. Jon Q. Public received an inheritance. He paid 20%20\% in federal taxes on the inheritance, and paid 10%10\% of what he had left in state taxes. He paid a total of \textdollar10500\textdollar10500 for both taxes. How many dollars was his inheritance?

(A) 30000(B) 32500(C) 35000(D) 37500(E) 40000(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000

Pick an answer.

(A)
30000
(B)
32500
(C)
35000
(D)
37500
(E)
40000

AMC 10 2007 problem © Mathematical Association of America (MAA AMC). Reproduced for educational use.

Try it yourself first — the explanation is most useful after you’ve attempted it.