What is Alok's Monthly Salary After Saving $1200 per Month?
Calculation for Alok's Monthly Salary:
Given Data:
- Alok saves $1200 per month
- Alok spends 85% of his salary
Let x be Alok's monthly salary.
After spending 85% of his salary, Alok saves $1200 per month. This means Alok spends 15% of his salary ($1200 is 15% of his salary).
So, 15% of x = $1200
0.15x = $1200
x = $1200 / 0.15
x = $8000
Therefore, Alok's monthly salary is $8000.