Kim has 40 percent more money than Sal and Sal has 20 percent less money than Phil. If Sal and Phil have a combined total of $1.80, how much money does Kim have?

Correct answer marked below

A

$1.00

B

$1.002

$1.12

Correct

D

$1.32

E

$1.40

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What this question tests

Your ability to compute percentage change, percentage of a whole, and to work backwards from a final value.

Treating successive percentage changes as additive — a 10% rise then a 10% fall is not back to the start.

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