SOLUTION: Joey has $120 in his wallet. He spends money all day long and has $24 at the end of the day. What is the percent change?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Joey has $120 in his wallet. He spends money all day long and has $24 at the end of the day. What is the percent change?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1176162: Joey has $120 in his wallet. He spends money all day long and has $24 at the end of the day. What is the percent change?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
Spent:  $120-$24 = $96
What is the percent change?                                     
($96/$120)= .80 0r  80% change
Spent 80% of his money.

.80($120) = $96 checks
Wish You the Best in your Studies.