Practice!

Sample Problem

Mr. Samuel spends $425 of his monthly income on food, $545 on rent and saves the remaining per month. If the difference of spending between food and rental is 6% of his monthly income, how much does Mr. Samuel save per month?

$ .00

Solution

The difference between food and rental: 545 – 425 = $120.00

The monthly earnings: 120 ÷ 6% = $2000.00

The amount of savings: 2000 – 425 – 545 = $1030.00