Ivan spent $340 and saved the rest of his money. If he decreased his spending by 35%, his savings would increase by 10%. How much money did Ivan have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$340 |
100u |
| Change |
- 35% |
+ 10u |
| After |
65% |
110u |
Increase in spending = Decrease in savings
35% spending =
10u savings 100% spending = 340
1% spending = 340 ÷ 100 = 3.4
35% spending = 35 x 3.4 = 119
10u savings = 1191u savings = 119 ÷ 10 = 11.9100u savings = 100 x 11.9 = 1190 Amount that Ivan had
= 340 + 1190
= $1530
Answer(s): $1530
