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19 October, 19:01

Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary. Charlene is going to reduce her net income by $125 each month and put this money towards paying down her debt. What will Charlene's new net income be?

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  1. 19 October, 19:04
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    7/100 * 3410 = 238.7 - 125 = $113.7
  2. 19 October, 19:04
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    Monthly Salary = $3,410

    7% of monthly salary = (0.07) * (3,410) = 2,387

    So the net income is $2,387

    Reducing net income by $125

    2,387 - 125 = 2,262

    New net income after putting aside $125 per month is $2,262
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