Question

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? A. 300 percent 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? A. 300 percent B. 43 percent C. 64 percent D. 40 percent B. 43 percent C. 64 percent D. 40 percent

Answer 1

Solution :-

Money spent on food = $ 150

Money spent on car = $ 244

Money spent on rent = $ 300

Savings = $ 50

Total money spent + saving 

= $ 150 + $ 244 + $ 300 + $ 50

= $ 744 

Total monthly income = $ 1240

Money left after incurring expenses and savings = $ 1240 - $ 744

= $ 496

So, $ 496 left after incurring expenses and savings from the monthly income

Therefore, he can spend $ 496 on the other things

Percentage = (496*100)/1240

= 49600/1240

= 40 %

Hence, he can spend 40 % of his total monthly income on the other things.

Answer.