Sean saved $750 and spent the rest of his money. If he decreased his savings by 40%, his spending would increase by 25%. How much money did Sean have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$750 |
100u |
| Change |
- 40% |
+ 25u |
| After |
60% |
125u |
Increase in savings = Decrease in spending
40% savings =
25u spending 100% savings = 750
1% savings = 750 ÷ 100 = 7.5
40% savings = 40 x 7.5 = 300
25u spending = 3001u spending = 300 ÷ 25 = 12100u spending = 100 x 12 = 1200 Amount that Sean had
= 750 + 1200
= $1950
Answer(s): $1950
