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6 December, 14:34

Anson pays $2000 for retirement fund, income tax and education fund each month. 30% of the payment goes to retirement fund. The income tax is 80% of the retirement fund. The remaining goes to education fund, which represents 20% of his salary. How much does Anson earn each month?

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  1. 6 December, 14:54
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    2000 for RF and IT and EF per month ...

    30% goes to retirement ... 0.30 (2000) = 600

    IT is 80% of RF ... 0.80 (600) = 480

    remainder goes to EF ... 2000 - (600 + 480) = 920

    which represents 20% of his salary ...

    920 = 20% of salary (s)

    920 = 0.20s

    920/0.20 = s

    4600 = s ... he earns 4600 per month <==
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