Quite simply, this equation has no solution, because an absolute value is never negative (like -55 is negative). No solution.
You don't just go removing numbers here and there without a good reason. In any case, your whole approach here is wrong. You're calculating 60 percent of 12. But the question says to take 12 out of a group of 60 and tell what percent of the group you have. That's (12/60) x 100.
Answer:
1/5 pound
I just did this on paper and got 1/5 pound (23/40)
If you find a wrong thing on answer respond me