Ivan spent $500 and saved the rest of his money. If he increased his spending by 25%, his savings would decrease by 20%. How much money did Ivan have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$500 |
100u |
| Change |
+ 25% |
- 20u |
| After |
125% |
80u |
Increase in spending = Decrease in savings
25% spending =
20u savings 100% spending = 500
1% spending = 500 ÷ 100 = 5
25% spending = 25 x 5 = 125
20 u savings = 1251 u savings = 125 ÷ 20 = 6.25100 u savings = 100 x 6.25 = 625 Amount that Ivan had
= 500 + 625
= $1125
Answer(s): $1125
