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

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?
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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 StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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