Math Problem Statement

Amit's income is 30000 per month, he saves 6000 per month. find (a) the percentage of his salary he saves every month (b) what amount does he spend? (c) percentage of his salary he spends every month (d) Ratio of his expenses to his savings

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Ratio
Basic Arithmetic

Formulas

Savings Percentage = (Savings / Income) * 100
Expenses Percentage = (Expenses / Income) * 100
Expenses to Savings Ratio = Expenses / Savings

Theorems

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Suitable Grade Level

Grades 6-8