Nick spent $240 and saved the rest of his money. If he decreased his spending by 35%, his savings would increase by 24%. How much money did Nick have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$240 |
100u |
| Change |
- 35% |
+ 24u |
| After |
65% |
124u |
Increase in spending = Decrease in savings
35% spending =
24u savings 100% spending = 240
1% spending = 240 ÷ 100 = 2.4
35% spending = 35 x 2.4 = 84
24u savings = 841u savings = 84 ÷ 24 = 3.5100u savings = 100 x 3.5 = 350 Amount that Nick had
= 240 + 350
= $590
Answer(s): $590
