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If a man earns $500 and spends 60% of it, how much does he save?

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Question: If a man earns $500 and spends 60% of it, how much does he save?

Options:

  1. 200
  2. 300
  3. 250
  4. 150

Correct Answer: 300

Solution: 

60% of $500 = (60/100) * 500 = $300. Savings = $500 - $300 = $200.

If a man earns $500 and spends 60% of it, how much does he save?

Practice Questions

Q1
If a man earns $500 and spends 60% of it, how much does he save?
  1. 200
  2. 300
  3. 250
  4. 150

Questions & Step-by-Step Solutions

If a man earns $500 and spends 60% of it, how much does he save?
  • Step 1: Identify the total amount the man earns, which is $500.
  • Step 2: Calculate 60% of $500. To do this, convert 60% to a fraction: 60% = 60/100.
  • Step 3: Multiply $500 by 60/100 to find out how much he spends: (60/100) * 500 = $300.
  • Step 4: Subtract the amount spent from the total earnings to find the savings: $500 - $300 = $200.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
  • Basic Arithmetic – Performing subtraction to find the remaining amount after spending.
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