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A man earns $3000 and spends 75% of his income. How much does he save?

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Question: A man earns $3000 and spends 75% of his income. How much does he save?

Options:

  1. 500
  2. 750
  3. 1000
  4. 250

Correct Answer: 750

Solution: 

Savings = 3000 - (0.75 * 3000) = 3000 - 2250 = 750.

A man earns $3000 and spends 75% of his income. How much does he save?

Practice Questions

Q1
A man earns $3000 and spends 75% of his income. How much does he save?
  1. 500
  2. 750
  3. 1000
  4. 250

Questions & Step-by-Step Solutions

A man earns $3000 and spends 75% of his income. How much does he save?
  • Step 1: Identify the man's total income, which is $3000.
  • Step 2: Calculate how much he spends by finding 75% of his income. To do this, multiply $3000 by 0.75.
  • Step 3: Perform the multiplication: 0.75 * 3000 = $2250. This is the amount he spends.
  • Step 4: To find out how much he saves, subtract the amount he spends from his total income. So, $3000 - $2250.
  • Step 5: Perform the subtraction: $3000 - $2250 = $750. This is the amount he saves.
  • Income and Expenditure – Understanding how to calculate savings based on income and percentage of expenditure.
  • Percentage Calculation – Applying percentage to determine the amount spent from total income.
  • Basic Arithmetic – Performing subtraction to find the remaining amount after expenditure.
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