Michael and Jason had an equal amount of money. They had $300 altogether. Then they spent $80 altogether and saved the rest. 2/3 of the money that Michael saved was equal to 4/5 of the money that Jason saved.
(a) Find the ratio of Michael's savings to Jason's savings.
(b) How much money did Michael spend?
(a)
2/3x = 4/(5(220-x))
x = 120
$220 - $120 = $100
Ratio = 120 : 100
= 6:5
(b)
150 -120 = 30