Jacob always saves 40% of his salary. If his salary decreases by 10% , his savings will decrease by $200. How much is Jacob's original salary?
Question
Solution 1
Step 1: Let's denote Jacob's original salary as X.
Step 2: Jacob saves 40% of his salary, so his savings are 0.4X.
Step 3: If his salary decreases by 10%, his new salary is 0.9X.
Step 4: His savings would then be 40% of this new salary, or 0.4 * 0.9X = 0.36X.
Step 5: We know that this amount is Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
Raj always saves 50% of his salary. If his salary decreases by 10% , his savings will decrease by $300. How much is Raj's original salary?
Mason always saves 25% of his salary. If his salary decreases by 10% , his savings will decrease by $241. How much is Mason's original salary?
Ethan always saves 60% of his salary. If his salary decreases by 15% , his savings will decrease by $270. How much is Ethan's original salary?
John's salary was decreased by 50% and subsequently increased by 50%. How much percent does he loss?
A man spends 80% of his income and saves the rest. what percentage of his expenditure does he save ?a.40b.25c.20d.30
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.