Elsa sold 37 pairs of earrings for $20 each at the craft fair. She is going to use 1/4 of the money to buy new CDs and is going to put the rest of the money in her savings account. How much money will she put into her savings account?

Let s stand for the amount of money saved.

How much money did she spend on CDs?

How much money did she put in her savings account?

Show your work.

Amount of money she spend on CDs: $185

Amount of money she is going to be in her savings account: $555

Step-by-step explanation:

She sold 37 pairs of earrings with each of them costing 20 dollars.

That means she made 20 (37) = 740 dollars.

She is going to use 1/4 of 740 dollars to buy new CDS. This means she is going to use 740/4 = 185 dollars on CDs.

So what money is left from 740 dollars after spending 185 dollars?

740-185=555 dollars

She is going to put 555 dollars into savings.

37*20 = 740/4 = 185 - > Spent on new CD's

740 - 185 = $ 555 - > Savings Account