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A man earns $1,200 per month. If he saves 15% of his income, how much does he sa

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Question: A man earns $1,200 per month. If he saves 15% of his income, how much does he save?

Options:

  1. 180
  2. 150
  3. 200
  4. 120

Correct Answer: 180

Solution: 

Savings = 15% of $1,200 = (15/100) * 1200 = $180.

A man earns $1,200 per month. If he saves 15% of his income, how much does he sa

Practice Questions

Q1
A man earns $1,200 per month. If he saves 15% of his income, how much does he save?
  1. 180
  2. 150
  3. 200
  4. 120

Questions & Step-by-Step Solutions

A man earns $1,200 per month. If he saves 15% of his income, how much does he save?
  • Step 1: Identify the man's monthly income, which is $1,200.
  • Step 2: Determine the percentage he saves, which is 15%.
  • Step 3: Convert the percentage into a fraction: 15% is the same as 15/100.
  • Step 4: Multiply the fraction by the monthly income: (15/100) * 1200.
  • Step 5: Calculate the multiplication: 15 * 1200 = 18000.
  • Step 6: Divide the result by 100 to find the savings: 18000 / 100 = $180.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
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