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If a person earns $5000 and spends $3500, what percentage of his income does he

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Question: If a person earns $5000 and spends $3500, what percentage of his income does he save?

Options:

  1. 20%
  2. 30%
  3. 40%
  4. 50%

Correct Answer: 40%

Solution: 

Savings = Income - Expenditure = 5000 - 3500 = 1500. Savings Percentage = (1500/5000) * 100 = 30%.

If a person earns $5000 and spends $3500, what percentage of his income does he

Practice Questions

Q1
If a person earns $5000 and spends $3500, what percentage of his income does he save?
  1. 20%
  2. 30%
  3. 40%
  4. 50%

Questions & Step-by-Step Solutions

If a person earns $5000 and spends $3500, what percentage of his income does he save?
  • Percentage Calculation – Understanding how to calculate a percentage based on income and savings.
  • Basic Arithmetic – Performing subtraction to find savings and division to find the savings percentage.
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