A man earns 12,000 and spends 10,500. If he saves rest of the money, find thepercentage of his savings.
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Given :
- Total money = 12000
- Money spend = 10500
Find :
The percentage of the savings of the man.
We have given that a man earns 12000 and spends 10500.
To find how much money he have present. Subtract the spend money from the total money he have.
i.e.
Savings = Total money - Spend money
Substitute the known values in above formula
⇒ 12000 - 10500
⇒ 1500
Now, we have to find the percentage of his savings.
For this, divide the total money with savings and then multiply with hundred.
i.e.
⇒ (1500/12000) × 100
⇒ 150/12
⇒ 12.5 %
∴ Percentage of man's saving is 12.5%
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