Question

Jim debt was reviewing the total accounts receivable . This month he received $80,000 from credit customers. This represented 40 % of all receivables due. The total amount of all accounts receivable is:

Answer 1

Define x is total amount of all account receivable
for 40% is \[\frac{ 40 }{100 }x=80,000\]
then \[x=\frac{ 100 }{40 }\times80,000=200,000\]
is it correct??