Oliver spent $760 and saved the rest of his money. If he increased his spending by 20%, his savings would decrease by 25%. How much money did Oliver have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$760 |
100u |
| Change |
+ 20% |
- 25u |
| After |
120% |
75u |
Increase in spending = Decrease in savings
20% spending =
25u savings 100% spending = 760
1% spending = 760 ÷ 100 = 7.6
20% spending = 20 x 7.6 = 152
25 u savings = 1521 u savings = 152 ÷ 25 = 6.08100 u savings = 100 x 6.08 = 608 Amount that Oliver had
= 760 + 608
= $1368
Answer(s): $1368
