Sean saved $500 and spent the rest of his money. If he decreased his savings by 20%, his spending would increase by 10%. How much money did Sean have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$500 |
100u |
| Change |
- 20% |
+ 10u |
| After |
80% |
110u |
Increase in savings = Decrease in spending
20% savings =
10u spending 100% savings = 500
1% savings = 500 ÷ 100 = 5
20% savings = 20 x 5 = 100
10u spending = 1001u spending = 100 ÷ 10 = 10100u spending = 100 x 10 = 1000 Amount that Sean had
= 500 + 1000
= $1500
Answer(s): $1500
