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. 73% B. 32% C. 27% D. 38%

Answer 1

Answer:

C. 27%

Explanation:

Percentage calculation will be as follows

Percentage of expense = $\frac{Expense\: of \: rent}{Net \: Earnings} \times 100$

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income = $\frac{200}{740} \times 100 = 27$

Therefore correct option is

C. 27%