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Question

Hi, have the following question, do help
Jon has a monthly allowance of $120. He usually spends $80 and saves the rest. Last month, he increased his spending by 20%. What was the percentage decrease in his savings?

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Answer

Spendings at first–> $80

Spendings after–> $80 X 120% = $96

Difference –> $96 – $80 = $16

Savings–> $120 – $80 = $40

Percentage decrease–> $16/$40 X 100 = 40%

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Spending $80 -> $96
Saving ($120-80) = $40 -> $24….40% decrease?

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