Question

Francine saves 10% of her monthly paycheck every month. however economy is slowing down and her company reduced her monthly paycheck from $4000 to $3200. Francine decides that she wants to keep saving the same amount of money each month as she did before the reduction. what percent of her new (reduced) monthly paycheck should she be saving now?

Answer 1

Since she was saving 400, she would have to save 12.5% of her new paycheck.

4000x.1= 400
3200x.125=400