If Adam's income decreases 40% from $1200 and then decreases by another 5%, what is the new income?
|
Original Income (%) |
New income (u) |
Income ($) |
Before 1 |
100% |
|
$1200 |
Change 1 |
- 40% |
|
|
After 1 |
60% |
100 u |
$720 |
Change 2 |
|
- 5 u |
|
After 2 |
|
95 u |
$684 |
100% of Adam's original income = $1200
1% of Adam's original income
= 1200 ÷ 100
= $12
100% - 40% = 60%
60% of Adam's original income
= 60 x 12
= $720
60% of Adam's original income = 100 u of Adam's new income
100 u of Adam's new income = $720
1 u of Adam's new income
= 720 ÷ 100
= $7.20
100 u - 5 u = 95 u
95 u of Adam's new income
= 95 x 7.20
= $684
Adam's latest income = $684
Answer(s): $684