SOLUTION: Jan’s income is 5/8 that of Fran’s. Jan’s expenses are 1/2 of Fran’s expenses,
and Jan saves 40% of her income. What percent of her income does Fran save?
(Assume that what is no
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Question 251844: Jan’s income is 5/8 that of Fran’s. Jan’s expenses are 1/2 of Fran’s expenses,
and Jan saves 40% of her income. What percent of her income does Fran save?
(Assume that what is not spent is saved.)
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Let's say that Fran earns 800. If Jan's 5/8*800=500
Let's say that Fran's expenses are 600 so that Jan's expenses are 300
500-300=200
200/500=2/5=40% savings
Fran gets 800 but spends 600
800-600=200
200/800=1/4=25% of Fran's income not spent (saved)
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