A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balance. If the family saves $360 per month, what is its monthly income?
2007-09-05 05:41:05 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
20% on food, 23% of rent, 42% on other, leaves 15% for savings. $360 per month is the savings, then $2400 is the monthly income.
2400 monthly income
food = 2400 x 20% = $ 480
rent = 2400 x 23% = $ 552
other = 2400 x 42% = $1,008
savings = 2400 x 15% = $ 360
Total = $2,400
2007-09-05 05:46:59 · answer #1 · answered by Anonymous · 0⤊ 2⤋
these silly made up questions for schools teach all the wrong things.
First, this family is paying NO taxes yet has income. This is so NOT America.
Second, only 23% for rent equals $552 a month. Please excuse me, but you can't rent a hovel in any American city or suburb [where almost all the students are] for $552 a month, much less space big enough for a family.
And then there's food. $480 a month for food !! unbelievable. just flat unbelievable. "Family" almost certainly means at least three people. $111 a week for three people's food hasn't been real in America for at least 15 years, more like 30.
In fact, 30 years ago is when I made 'only' 2400 a month and I was just starting out at the time -- didn't have a family. Any modern two income family makes more than 2400 a month.
***
I'm afraid your textbook is so badly out of date that it would be better used as charcoal starter or to train the new puppy.
:-)
2007-09-05 05:56:13 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 4⤋
20%+23%+42%=85%
100%-85%=15%
15%=$360
15% - $360 RULE OF 3
100% - X
360*100=36000
36000/15=2400
$2400
2007-09-05 07:18:02 · answer #3 · answered by Mario 2 · 1⤊ 1⤋
100% - 23% - 42% - 20% = 15%
Income * 0.15 = $360
Divide 360 by 0.15 = $2400
2007-09-05 05:45:19 · answer #4 · answered by rrossorr 3 · 1⤊ 0⤋
Saving is very inportant $360 a month who care what the rest is
2007-09-05 05:44:42 · answer #5 · answered by Gerald 6 · 0⤊ 4⤋
I hope it's $2400/mo.
2007-09-05 05:47:10 · answer #6 · answered by Sharon 3 · 0⤊ 0⤋
2400
2007-09-05 05:55:45 · answer #7 · answered by Bob D 6 · 0⤊ 0⤋
Next ta **** all by the sound of it,
2007-09-05 05:46:28 · answer #8 · answered by Anonymous · 0⤊ 2⤋
is this for your school or for your neighbor?
2007-09-05 05:56:01 · answer #9 · answered by earth angel 4 · 0⤊ 1⤋
do you want us to make your math homework?
please do mine.
annual spending 169,000
annual earnings -3,050
no joke,
2007-09-05 05:48:43 · answer #10 · answered by notei 4 · 0⤊ 1⤋