Oliver spent $560 and saved the rest of his money. If he increased his spending by 20%, his savings would decrease by 35%. How much money did Oliver have?
|
Spent (%) |
Saved (u) |
Before |
100% $560 |
100u |
Change |
+ 20% |
- 35u |
After |
120% |
65u |
Increase in spending = Decrease in savings
20% spending =
35u savings 100% spending = 560
1% spending = 560 ÷ 100 = 5.6
20% spending = 20 x 5.6 = 112
35 u savings = 1121 u savings = 112 ÷ 35 = 3.2100 u savings = 100 x 3.2 = 320 Amount that Oliver had
= 560 + 320
= $880
Answer(s): $880