Victor 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?

Question

Beasley

Mathematics

28 September, 13:03

Victor 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?

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Answers (1)

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Keon Hoover · Answer 1

40%

Step-by-step explanation:

The amount of income allocated to the items listed totals $744, so there is $496 he can spend on other things. As a percentage of income, that is ...

496/1240 * 100% = 40%

Malaba can spend 40% of his net income on other things.