Question

ictor 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?

Answer 1

He spends 150+244+300+50=744 on the listen items so he he has 496 left to spend.

$\frac{496}{1240}=\frac{248*2}{248*5}=\frac{2}{5}$

so 40% of his net income.