Mark spent $110 and saved the rest of his money. If he decreased his spending by 35%, his savings would increase by 25%. How much money did Mark have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$110 |
100u |
| Change |
- 35% |
+ 25u |
| After |
65% |
125u |
Increase in spending = Decrease in savings
35% spending =
25u savings 100% spending = 110
1% spending = 110 ÷ 100 = 1.1
35% spending = 35 x 1.1 = 38.5
25u savings = 38.51u savings = 38.5 ÷ 25 = 1.54100u savings = 100 x 1.54 = 154 Amount that Mark had
= 110 + 154
= $264
Answer(s): $264
