Charlie spent $860 and saved the rest of his money. If he increased his spending by 40%, his savings would decrease by 25%. How much money did Charlie have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$860 |
100u |
| Change |
+ 40% |
- 25u |
| After |
140% |
75u |
Increase in spending = Decrease in savings
40% spending =
25u savings 100% spending = 860
1% spending = 860 ÷ 100 = 8.6
40% spending = 40 x 8.6 = 344
25 u savings = 3441 u savings = 344 ÷ 25 = 13.76100 u savings = 100 x 13.76 = 1376 Amount that Charlie had
= 860 + 1376
= $2236
Answer(s): $2236
