A man earns $1200 per month. If he spends 75% of his income, how much does he sa

A man earns $1200 per month. If he spends 75% of his income, how much does he save?

A man earns $1200 per month. If he spends 75% of his income, how much does he save?

Correct Answer: $300

Step 1: Identify the man's monthly income, which is $1200.
Step 2: Calculate 75% of the income to find out how much he spends. This is done by multiplying 0.75 by 1200.
Step 3: Perform the multiplication: 0.75 * 1200 = $900. This is the amount he spends.
Step 4: To find out how much he saves, subtract the amount spent from the total income. This is done by calculating 1200 - 900.
Step 5: Perform the subtraction: 1200 - 900 = $300. This is the amount he saves.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Basic Arithmetic – Performing subtraction to find the difference between income and expenses.