Nick spent $190 and saved the rest of his money. If he increased his spending by 40%, his savings would decrease by 25%. How much money did Nick have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$190 |
100u |
| Change |
+ 40% |
- 25u |
| After |
140% |
75u |
Increase in spending = Decrease in savings
40% spending =
25u savings 100% spending = 190
1% spending = 190 ÷ 100 = 1.9
40% spending = 40 x 1.9 = 76
25 u savings = 761 u savings = 76 ÷ 25 = 3.04100 u savings = 100 x 3.04 = 304 Amount that Nick had
= 190 + 304
= $494
Answer(s): $494
