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A man earns $5000 and spends 60% of it. How much does he save?

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Question: A man earns $5000 and spends 60% of it. How much does he save?

Options:

  1. 2000
  2. 3000
  3. 2500
  4. 1500

Correct Answer: 3000

Solution: 

Amount spent = 60% of $5000 = $3000. Savings = $5000 - $3000 = $2000.

A man earns $5000 and spends 60% of it. How much does he save?

Practice Questions

Q1
A man earns $5000 and spends 60% of it. How much does he save?
  1. 2000
  2. 3000
  3. 2500
  4. 1500

Questions & Step-by-Step Solutions

A man earns $5000 and spends 60% of it. How much does he save?
  • Step 1: Identify the total amount the man earns, which is $5000.
  • Step 2: Calculate 60% of $5000 to find out how much he spends.
  • Step 3: To find 60% of $5000, multiply $5000 by 0.60. This gives you $3000.
  • Step 4: Subtract the amount spent ($3000) from the total earnings ($5000) to find out how much he saves.
  • Step 5: $5000 - $3000 equals $2000, which is the amount he saves.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Performing subtraction to find the remaining amount after spending.
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