AMC 10 Step by Step
2007 AMC 10AProblem 7P1-10~2 minPrint

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 $10500\$10500 for both taxes. How many dollars was his inheritance?

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Problem © Mathematical Association of America (MAA), American Mathematics Competitions. Reproduced for non-commercial educational use. Solution and commentary are original to this site. Also appeared as 2007 12A #5.