Question

the jones household has a net income of 4,000 each month. There are two adults and three school aged children in the household, so they spend 15 percent of their net income on groceries. How much do the jones spend each month?

Answer 1

Answer:

$3,000

Explanation:

The computation of the jones spend each month is as follows:

Net income is $4,000

Two adults, three school aged children i.e. 5 people

Each spend 15% so for all it would be 75%

Now the spending amount would be

= $4,000 × 0.75

= $3,000