Mrs. Chan earned a fixed income every month. She spent 60% of her monthly income and saved the rest in the month of April. In May, she spent 25% more than the amount she had spent in April and saved a total of $2600. Find her monthly salary .
Mrs. Chan earned a fixed income every month. She spent 60% of her monthly income and saved the rest in the month of April. In May, she spent 25% more than the amount she had spent in April and saved a total of $2600. Find her monthly salary .
She saved 40% of monthly wage in month one (spent 60%)
She saved 25% of monthly wage in month two (spent 75% i.e. 60% x 1.25 25% more)
So saved a total of 65% of a monthly wage
Total savings=$2600.00
monthly wage x 0.65 = $2600
so, monthly wage = $2600/0.65 = $4000