Question

Victor malaba has a net income of $1,240per month. If he spends$150 on foid,$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

40% 
There is more than one way to figure this out. Here is one way: 

(150+244+300+50) / 1240 =  
744 / 1240 = .60 

This means that he is spending 60% on all the things you listed above.  

100 - 60 = 40  

This means, that he has 40% left to spend on whatever else he wants to, thus the answer is 40%