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Question

A man earns 15,400 per month.He spends 90% of his salary and saves the remaining part.How much does he save per month ?


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Solution

Step 1: Given details about the man's salary

Monthly income =15,400

Percentage of income the man spends (Expenditure) =90%

Percentage converts into a fraction on dividing it by 100

Amount the man spends =90100×15,400

=13,860

Step 2: Finding total savings per month

Savings=Total income-Expenditure

=15,400-13,860

=1,540

Hence, his savings per month is1,540


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