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

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

Options:

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

Correct Answer: 2500

Solution: 

Amount spent = 60% of 5000 = (60/100) * 5000 = 3000. Savings = 5000 - 3000 = 2000.

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

Practice Questions

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

Questions & Step-by-Step Solutions

A man earns $5000 and spends 60% of his income. How much does he save?
  • Step 1: Identify the man's total income, which is $5000.
  • Step 2: Calculate how much he spends by finding 60% of his income.
  • Step 3: To find 60% of $5000, multiply 5000 by 60 and then divide by 100: (60/100) * 5000.
  • Step 4: Calculate the amount spent: 60% of $5000 is $3000.
  • Step 5: To find out how much he saves, subtract the amount spent from his total income: $5000 - $3000.
  • Step 6: The savings amount is $2000.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Performing subtraction to find the difference between income and expenses.
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