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?

A64 percent
B300 percent
C43 percent
D40 percent

D40 percent

Adding everything up that he spent money on, we get $744 dollars. That's out of a total of his $1240 dollars.

So we can find out how much money he has left by subtracting the total from the amount he spent.

1240 - 744 = 496

$496 dollars is the amount of money he has left. To find out the percentage he has left, put the remaining amount over the total times 100.

So, 496/1240 = .4
.4 × 100 = 40 percent. Hope that helps!

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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? A64 percentB300 percentC43 percentD40 percent

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Related Questions

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?

A64 percent
B300 percent
C43 percent
D40 percent