AMC 8 · 2002 · #25

Grade 6 rate-ratioalgebra
ratio-proportionfraction-arithmeticfraction-multiplicationsystems-of-equations convert-to-algebraidentify-subproblemspattern-recognition ↑ Prerequisites: fraction-arithmeticratio-proportion
📏 Medium solution 💡 3 insights

Problem

Loki, Moe, Nick and Ott are good friends. Ott had no money, but the others did. Moe gave Ott one-fifth of his money, Loki gave Ott one-fourth of his money and Nick gave Ott one-third of his money. Each gave Ott the same amount of money. What fractional part of the group's money does Ott now have?

Pick an answer.

(A)
$\frac{1}{10}$
(B)
$\frac{1}{4}$
(C)
$\frac{1}{3}$
(D)
$\frac{2}{5}$
(E)
$\frac{1}{2}$

AMC 8 2002 problem © Mathematical Association of America (MAA AMC). Reproduced for educational use.

Try it yourself first — the explanation is most useful after you’ve attempted it.