Question

From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two friends, what percent of her net income is her rent payment?
A. 27%
B. 32%
C. 73%
D. 38%

Answer 1

Percent means per one hundred...

p/100=200/740  multiply both sides by 100

p=100*200/740

p=20000/740 %

p=1000/37 %

p≈27.027 %

p≈27%  (to nearest whole percent)

Answer 2

Answer

Find out the what percent of her net income is her rent payment.

To prove

Formula

$Percentage = \frac{Part\ value\times100}{Total\ value}$

As given

from net earnings of $740 per month,

Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two friends .

Than

Part value = $200

Total value = $740

Put in the formula

$Perctange = \frac{200\times100}{740}$

solving

Percentage = 27 % (approx)

Therefore 27% of her net income is her rent payment .

Option (A) is correct .