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If a person earns $5000 and spends 60% of it, how much does he save?
If a person earns $5000 and spends 60% of it, how much does he save?
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Practice Questions
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Q1
If a person earns $5000 and spends 60% of it, how much does he save?
$1500
$2000
$2500
$3000
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Spending = 60% of 5000 = 3000. Savings = 5000 - 3000 = $2000.
Questions & Step-by-step Solutions
1 item
Q
Q: If a person earns $5000 and spends 60% of it, how much does he save?
Solution:
Spending = 60% of 5000 = 3000. Savings = 5000 - 3000 = $2000.
Steps: 5
Show Steps
Step 1: Identify the total earnings, which is $5000.
Step 2: Calculate 60% of the total earnings. To do this, multiply $5000 by 0.60.
Step 3: Perform the multiplication: $5000 * 0.60 = $3000. This is the amount spent.
Step 4: Subtract the amount spent from the total earnings to find the savings. So, $5000 - $3000 = $2000.
Step 5: The final answer is that the person saves $2000.
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