If y varies inversely as x, find the constant of variation k and the inverse variation equation for the situation. y=0.4 when x=0.3

3women sell hats at a craft fair weekly. the money they make at the fair is split into categories. 9% goes to pay taxes. $55 goes to pay rent for the space they sell in. the rest is split between the women. if the group make $706 at the fair, how much does each women get paid once the money is divided