Julian saved $260 and spent the rest of his money. If he increased his savings by 10%, his spending would decrease by 20%. How much money did Julian have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$260 |
100u |
| Change |
+ 10% |
- 20u |
| After |
110% |
80u |
Increase in savings = Decrease in spending
10% savings =
20u spending 100% savings = 260
1% savings = 260 ÷ 100 = 2.6
10% savings = 10 x 2.6 = 26
20 u spending = 261 u spending = 26 ÷ 20 = 1.3100 u spending = 100 x 1.3 = 130 Amount that Julian had
= 260 + 130
= $390
Answer(s): $390
