Edward has $40 more thanFariq. If Edward gives 1/5 of his money to Fariq. Fariq will have7/8 as much money as Edward. How much money do they have altogether.

See previous post.

To find the amount of money Edward and Fariq have altogether, we need to set up equations based on the information given.

Let's assume that Fariq has x dollars.
Since Edward has $40 more than Fariq, Edward would have x + $40 dollars.

If Edward gives 1/5 of his money to Fariq, he would give (1/5)*(x + $40) dollars.

After receiving that amount, Fariq will have 7/8 as much money as Edward. So, Fariq will have (7/8)*(x + $40) dollars.

To find the amount of money they both have together, we add up their individual amounts: x + (x + $40) + (7/8)*(x + $40).

Now, let's solve the equation for x to find Fariq's initial amount:

x + (x + $40) + (7/8)*(x + $40) = total amount of money

After finding the value of x, we can calculate the total amount of money they both have together by substituting x back into the equation.