Peter gave one-fourth of the amount he had to michael. Michael in turn gave half of what he received from Peter to Sam. If the difference between the remaining amount with Peter and the amount received by Sam is Rs 500, how much money did michael receive from Peter.(in Rs)
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You can solve this problem by making everything into eighths. Peter has 6/8 of the pile, Michael has 1/8, and Sam has 1/8. By using this, you can determine that the difference between 6/8 and 1/8 (Peter and Sam) is 500. So 5/8 x =500. Michael's share of the pile was 2/8, which is 40% of 5/8. 5 0 0 × 0 . 4 0 = 200. Therefore, 200 is the solution.