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ayo earns 50,000 monthly and he spends 35,000 altogether. if he saves the rest, find the percentage of his savings​

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Answer:

30%.

Explanation:

Ayo earns 50,000 monthly and he spends 35,000 altogether, so he saves the rest of his income. To find the percentage of his savings, we can divide his savings by his total income and multiply by 100.

His total income is 50,000

His total expenditure is 35,000

His savings = total income - total expenditure = 50,000-35,000 = 15,000

So the percentage of his savings = (savings / total income) x 100 = (15,000 / 50,000) x 100 = 0.3 x 100 = 30%

Therefore, Ayo's savings percentage is 30%.

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