Al Resse and Marci Rey received a total of $210,000 from a deceased relative's estate. They decided to put away $50,000 in a trust for their child and divide the remainder into 1/4 for Marci and for 3/4 Al. How much will Al receive?
A)$40,000
B)$120,000
C)$32,000
D)$10,000
E)None of these

Question

Quizplus · Accepted Answer

Total amount received = $210,000
Amount put away in trust = $50,000
Remaining amount = $210,000 - $50,000 = $160,000
Marci's share = 1/4 of remaining amount = (1/4) x $160,000 = $40,000
Al's share = 3/4 of remaining amount = (3/4) x $160,000 = $120,000. Therefore, Al will receive $120,000.

Al Resse and Marci Rey Received a Total of $210,000