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9 January, 14:49

Yuan receives money from his relatives every year on his birthday. This year, Yuan received a total of $56. That is 12% more than he received last year. How much did Yuan received last year?

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  1. 9 January, 17:47
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    Answer:Yuan received $50 last year

    Step-by-step explanation:

    Yuan receives money from his relatives every year on his birthday.

    Let x represent the amount of money that Yuan received last year on his birthday.

    This year, Yuan received a total of $56. The amount that he received this year is 12% more than he received last year. This means that

    the increment on the amount that he received last year is would be

    12/100*x = 0.12x. Therefore,

    x + 0.12x = 56

    1.12x = 56

    x = 56/1.12 = $50
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