Question

Matthew's wage is £320 per week. He spends 5/8 of his wage on food. 5% goes on the household bills and the rest is saved. How much does Matthew save each week?

Answer 1

£104

Explanation:

Matthew's wage is £320 per week.

5/8 of his wage is spent on food. 5/8 of £320 is:

`(5)/(8) * 320` = £200

5% goes on the household bills. 5% of £320 is:

`(5)/(100) * 320` = £16

The amount left to save is therefore:

320 - (200 + 16) = 320 - 216 = £104

Matthew saves £104.