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