Answer to Question #202228 in Financial Math for deedee

Question

Callum is saving for a new bike. He has $450 already and increases this amount by 25% with the money he makes at a garage sale, how much money does Callum have saved now?

Answer 1

Proportion:

450 – 100%

x – 25%

$x = \frac{450 \times 25}{100}=112.5$

Total saving = $450 + $112.5=$562.5

Answer: $562.5