A man earns $1,200 per month. If he spends 75% of his income, how much does he s

A man earns $1,200 per month. If he spends 75% of his income, how much does he save?

A man earns $1,200 per month. If he spends 75% of his income, how much does he save?

Correct Answer: 300

Step 1: Identify the man's monthly income, which is $1,200.
Step 2: Calculate 75% of the income to find out how much he spends. This is done by multiplying $1,200 by 0.75.
Step 3: Perform the multiplication: $1,200 * 0.75 = $900. This is the amount he spends.
Step 4: To find out how much he saves, subtract the spending from the income. This is done by calculating $1,200 - $900.
Step 5: Perform the subtraction: $1,200 - $900 = $300. This is the amount he saves.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Basic Arithmetic – Performing subtraction to find the difference between income and spending.