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If a student receives an award worth $500 and spends 20% of it on books, how muc

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Question: If a student receives an award worth $500 and spends 20% of it on books, how much money does he have left?

Options:

  1. $400
  2. $450
  3. $300
  4. $350

Correct Answer: $450

Solution: 

20% of $500 is $100. $500 - $100 = $400.

If a student receives an award worth $500 and spends 20% of it on books, how muc

Practice Questions

Q1
If a student receives an award worth $500 and spends 20% of it on books, how much money does he have left?
  1. $400
  2. $450
  3. $300
  4. $350

Questions & Step-by-Step Solutions

If a student receives an award worth $500 and spends 20% of it on books, how much money does he have left?
  • Step 1: Identify the total amount of the award, which is $500.
  • Step 2: Calculate 20% of $500. To do this, multiply $500 by 0.20 (which is the decimal form of 20%).
  • Step 3: Perform the multiplication: $500 * 0.20 = $100.
  • Step 4: Subtract the amount spent on books ($100) from the total award ($500).
  • Step 5: Perform the subtraction: $500 - $100 = $400.
  • Step 6: The amount of money left after spending on books is $400.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Subtraction – Performing subtraction to find the remaining amount after an expense.
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