Mark spends 3/8 of his monthly income on housing. Of the remainder, HE SPENDS 1/3 on food and saves the rest. What is the fraction of his monthly income spent on food?
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Answer:
(1/3)(1 - 3/8) = (1/3)(5/8) = 5/24 of monthly savings is spent of food.
1 - (5/24) = (24 - 5)/24 = 19/24 of monthly savings is saved.
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