Valen saves 20% of his salary. When his salary was increased by 40%, his savings rose proportionately to $196. What was his original salary?
|
Savings |
Spending |
Total |
Before |
20% |
80% |
100% |
Change |
+ 8% |
+ 32% |
+ 40% |
After |
28% |
112% |
140% |
New salary after it was increased by 40%
= 100% + 40%
= 140%
Increase in savings
= 40% x 20%
=
40100 x 20%
= 8%
New savings in percentage
= 20% + 8%
= 28%
28% of the original salary = 196
1% of the original salary = 196 ÷ 28 = 7
100% of the original salary = 100 x 7 = 700
Valen's original salary = $700
Answer(s): $700