Paul spent $960 and saved the rest of his money. If he decreased his spending by 25%, his savings would increase by 40%. How much money did Paul have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$960 |
100u |
| Change |
- 25% |
+ 40u |
| After |
75% |
140u |
Increase in spending = Decrease in savings
25% spending =
40u savings 100% spending = 960
1% spending = 960 ÷ 100 = 9.6
25% spending = 25 x 9.6 = 240
40u savings = 2401u savings = 240 ÷ 40 = 6100u savings = 100 x 6 = 600 Amount that Paul had
= 960 + 600
= $1560
Answer(s): $1560
