Vincent spent $740 and saved the rest of his money. If he increased his spending by 40%, his savings would decrease by 10%. How much money did Vincent have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$740 |
100u |
| Change |
+ 40% |
- 10u |
| After |
140% |
90u |
Increase in spending = Decrease in savings
40% spending =
10u savings 100% spending = 740
1% spending = 740 ÷ 100 = 7.4
40% spending = 40 x 7.4 = 296
10 u savings = 2961 u savings = 296 ÷ 10 = 29.6100 u savings = 100 x 29.6 = 2960 Amount that Vincent had
= 740 + 2960
= $3700
Answer(s): $3700
