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GB-10-06-001 · Reverse fractions

A charity spends 16\frac{1}{6} of its fund on equipment and 14\frac{1}{4} of the remainder on transport. It has £555.00 left. Work out the original fund.

Reverse Fractions of Remainders Application of related method — Booklet p. 19 & p. 53
Method
1) Multiply remaining fractions at each stage: (1 − 1/b) × (1 − 1/d)
2) Divide the final amount left by the combined remaining fraction
Worked Example (GB-10-06-001)
1)
Fraction remaining = 58\frac{5}{8}
2)
Divide £555.00 by this remaining fraction.
3)
£888.00
Ans = £888.00