Carl spent $860 and saved the rest of his money. If he decreased his spending by 40%, his savings would increase by 16%. How much money did Carl have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$860 |
100u |
| Change |
- 40% |
+ 16u |
| After |
60% |
116u |
Increase in spending = Decrease in savings
40% spending =
16u savings 100% spending = 860
1% spending = 860 ÷ 100 = 8.6
40% spending = 40 x 8.6 = 344
16u savings = 3441u savings = 344 ÷ 16 = 21.5100u savings = 100 x 21.5 = 2150 Amount that Carl had
= 860 + 2150
= $3010
Answer(s): $3010
