A man spends 30% of his salary on rent, 20% on food, and saves the rest. If his

A man spends 30% of his salary on rent, 20% on food, and saves the rest. If his salary is $2000, how much does he save?

A man spends 30% of his salary on rent, 20% on food, and saves the rest. If his salary is $2000, how much does he save?

Correct Answer: $1000

Step 1: Identify the man's salary, which is $2000.
Step 2: Calculate the amount spent on rent by finding 30% of $2000. This is done by multiplying 2000 by 0.30, which equals $600.
Step 3: Calculate the amount spent on food by finding 20% of $2000. This is done by multiplying 2000 by 0.20, which equals $400.
Step 4: Add the amounts spent on rent and food together. This is $600 (rent) + $400 (food) = $1000 (total expenses).
Step 5: Subtract the total expenses from the salary to find the savings. This is $2000 (salary) - $1000 (total expenses) = $1000 (savings).

Percentage Calculation – Understanding how to calculate percentages of a total amount.
Basic Arithmetic – Performing addition and subtraction to find total expenses and savings.