Heidi T. answered • 07/28/20

MA in Mathematics, PhD in Physics with 7+ years teaching experience

This is a ratio problem. Equate [$spent]/[Net Worth] for yourself and Ross Perot, use x (amount looking for) for your $ spent and 50,000 for your net worth.

Set up the ratios:

[$spent]/[Net Worth] = [RP $spent]/[RP Net Worth]

x / 50,000 = 40,000,000/4,000,000,000 = 4/400 = 1/100

Multiply both sides by 50,000:

x = (50,000)/100

Solve:

x = 500

You would have spent $500.