Victor Malaba has a net income of $1,240 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?

Question

7537 views around the world

You can reuse this answer
Creative Commons License

Answer 1 · 2018-04-23T11:38:29

approximately 39%

Add all of the expenses listed

# 150 + 244 + 300 + 50 = 744#

Subtract the total from 1240

# 1240 - 744 = 494# the amount left.

Divide 494 by 1240 and multiply by 100

# 494/1240 xx 100 = 38.9 #

rounding off to the nearest percent gives.

39%

Answer 2 · 2018-04-23T11:40:38

#40%# of his net income he spends for other expenditure.

Net income of Victor Malaba is #I=$1240# per month

He spends # S=150+244+300+50=$744# on certain items.

#I-S=1240-744=$496# remains for other expenditure

Equivalent percentage is # 496/1240*100 =40%#

#40%# of his net income he spends for other expenditure. [Ans]