The sum of money A initially had was 20% less than the sum of money B had. If B gave 16% of her money to her brother, by what percentage should A’s sum increase so that A and B finally have identical amounts?
- AOption (a)
4.5%
- BOption (b)
5%
- COption (c)
4%
- DOption (d)
6%
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Correct answer
5%
Why this answer is correct
Given:
A's money is 20% less than B's money.
B gives 16% of her money to her brother.
Formula used:
Percentage = (Part / Whole) × 100
Calculation:
Let B's initial money be 100x.
A's initial money is 20% less than B's:
A's money = 100x - (20/100) × 100x = 100x - 20x = 80x
B gives 16% of her money to her brother:
Money given = (16/100) × 100x = 16x
B's remaining money = 100x - 16x = 84x
For A and B to have identical amounts, A's money should be 84x.
Increase in A's money:
Increase = 84x - 80x = 4x
Percentage increase in A's money = (Increase / A's initial money) × 100
Percentage increase = (4x / 80x) × 100
Percentage increase = (1/20) × 100
Percentage increase = 5%
∴ A's sum should increase by 5%.