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# Micah saved \$300 of his take-home pay last month. How much was Micah’s

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Joined: 02 Sep 2009
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Micah saved \$300 of his take-home pay last month. How much was Micah’s  [#permalink]

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26 Mar 2018, 23:22
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Difficulty:

35% (medium)

Question Stats:

80% (01:04) correct 20% (01:07) wrong based on 34 sessions

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Micah saved \$300 of his take-home pay last month. How much was Micah’s takehome pay last month?

(1) From last month’s take-home pay, Micah paid three times as much in rent as he saved.
(2) Micah spent 50% of his take-home pay on living expenses, and saved 25% of the remainder.

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Re: Micah saved \$300 of his take-home pay last month. How much was Micah’s  [#permalink]

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27 Mar 2018, 00:23
Bunuel wrote:
Micah saved \$300 of his take-home pay last month. How much was Micah’s takehome pay last month?

(1) From last month’s take-home pay, Micah paid three times as much in rent as he saved.
(2) Micah spent 50% of his take-home pay on living expenses, and saved 25% of the remainder.

We are given that Micah saved an absolute amount equal to \$300 last month. And the ask is to find total take home pay.

(1) Does not tell us anything about the total pay as there could be other components & spending/savings to total pay other than rent + savings. Not suff

(2) Tells us Micah saved 25% of the remainder ( which is 50% after he spent 50% on living expenses - could be rent & other things). Sufficient as 25% of 50% of take home pay is \$300 hence we can find the take home pay.

Hence Option (B) is correct.
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Re: Micah saved \$300 of his take-home pay last month. How much was Micah’s   [#permalink] 27 Mar 2018, 00:23
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