Victor Malaba has a net income of $1240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?
2007-08-03 04:49:21 · 9 answers · asked by Jeff M 1 in Science & Mathematics ➔ Mathematics
The value that he can spend = his net earnings - what he spends:
V= 1240 - 150 - 244 - 300 - 50 = 1240 - 744 = 496
Since you need the percent though, you need to find out how much of his earnings this sum represents, so you just divide the two and multiply it by 100, so as to get the percent.
P=(496/1240)*100=0.4*100 = 40%
2007-08-03 04:57:31 · answer #1 · answered by Shadow 3 · 0⤊ 0⤋
The total amount of money that he spends is:
=150 + 244 + 300 + 50
= 744
So the amount left with him is:
= 1240 - 744
= 496
as a percent, that would be
= 496/1240 x 100
= 40%
2007-08-03 04:55:56 · answer #2 · answered by Southpaw 5 · 0⤊ 0⤋
1240 - 150-244-300-50 = $496 left
496/1240 = .4 = 40%
2007-08-03 04:59:34 · answer #3 · answered by ironduke8159 7 · 0⤊ 0⤋
Net Income= 1240
Deduct 150 Food expences
244Car payment
300Rent
50Savings
Total 744
Balance 496
i.e. 40% Available for other things.
2007-08-03 05:07:07 · answer #4 · answered by Prabhakar G 6 · 0⤊ 1⤋
first find the total that he spends
150+244+300+50= 744
so he has 1240-744 = 496 to spend on other things
(496*100)/1240 = the percentage he can spend on other things
2007-08-03 04:54:55 · answer #5 · answered by Anonymous · 0⤊ 1⤋
remainder = 1240 - 744 = 496 = 40% on other
2007-08-03 04:55:26 · answer #6 · answered by John V 6 · 0⤊ 0⤋
Equation (answer):
($1,240 - [$150 + $244 + $300 + $50]) / ($1,240)
($1,240 - $744) / $1,240
$496 / $1,240
0.4 or 40 %
Answer: he can spend 40% of his net income on other things.
2007-08-07 04:23:59 · answer #7 · answered by Jun Agruda 7 · 2⤊ 1⤋
40% is the answer
2007-08-03 04:59:07 · answer #8 · answered by Anonymous · 0⤊ 0⤋
it is 40 % buddy..havent seen an easier one than this.
2007-08-03 05:06:37 · answer #9 · answered by Anonymous · 0⤊ 0⤋