Question

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?
A. 43 percent
B. 300 percent
C. 40 percent
D. 64 percent
PLease don't tellme the answer. I just want to know the steps to figuring it out.

Answer 1

1. Add up the expenses.
2. Subtract from his net income.
3. Divide the difference by the net income.
4. Multiply the decimal by 100 to find the percent.

I'll be glad to check your answer.

Answer 2

C. 40 percent

Answer 3

12-22