Question

Look at Jerry's monthly budget below. What percentage of Jerry's net income is spent on transportation?

Net Monthly Income: $2,970.00

Expenses:

Housing: $750.00
Utilities: $120.00
Food: $450.00
Transportation: $650.00
Healthcare expenses: $200.00
Savings: $300.00
Other expenses: $500.00

Total Monthly Expenses: $2,970.00


A. 21.9%


B. 25.3%


C. 28%


D. 86.7%



Can you also please explain how you answered it? I really don't understand it.

Answer 1

The answer is a) 21.9%

Answer 2

The percentage of Jerry's net income is spent on transportation is 21.9%

Step-by-step explanation:

Given:

Look at Jerry's monthly budget below. What percentage of Jerry's net income is spent on transportation?

Net Monthly Income: $2,970.00

Expenses : Transportation: $650.00

Solution:

Her income = 2970

Expense on transportation = 650

Percentage of Jerry’s income spent on transportation = x% of 2970 = 650

x = $\frac{650 \times 100}{2970}$

x = 21.88%

= 21.9%

To know more;

The income of a and b are in the ratio 3:2 and their expenditures are in the ratio 5:3.If each save rs 1000 then b income is

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