George saved $490 and spent the rest of his money. If he decreased his savings by 40%, his spending would increase by 10%. How much money did George have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$490 |
100u |
| Change |
- 40% |
+ 10u |
| After |
60% |
110u |
Increase in savings = Decrease in spending
40% savings =
10u spending 100% savings = 490
1% savings = 490 ÷ 100 = 4.9
40% savings = 40 x 4.9 = 196
10u spending = 1961u spending = 196 ÷ 10 = 19.6100u spending = 100 x 19.6 = 1960 Amount that George had
= 490 + 1960
= $2450
Answer(s): $2450
