G I V E N :
A man is paid $1500 salary. He spends 20% of the salary for his kids education, 35% for food, 15% for miscellaneous and he saves the rest. How much money does he save?
S O L U T I O N :
Total Income = $ 1500
According to the question,
He spends 20% to his kids education
He spends 35% for food
He spends 15% for miscellaneous
Out of total income he spends 20% on kids education
So, amount spent on kids education = 20% of $1500
Amount = 20/100 × $1500
Amount = $300
Hence, money spent on his kids education is $300
35% is spent on food
Money spent on food = 35% of $1500
Money spent = 35/100 × $1500
Money spent = $525
Hence, money spent on food is $525
15% is spent on miscellaneous
Money spent on miscellaneous = 15% of $1500
Money spent = 15/100 × $1500
Money spent = $225
Hence, money spent on miscellaneous is $225
Now, adding all the three we get
$300 + $525 + $225
$825 + $225
$1050
Total money spent = $1050
Remaining money = $1500 - $1050 = $450
- Remaining amount left with him is $450