Question

Round to the nearest penny.
Your fixed expenses are $1,035.65/month and are 36% of your realized income. Use proportions to compute the realized income on your budget.

Answer 1

Let x be the total realized income.

We can set up the proportion:
$1,035.65 is to x as 36 is to 100

$1,035.65/x = 36/100

Cross multiply to solve for x:
36x = $1,035.65 * 100
36x = $103,565
x = $103,565 / 36
x = $2,877.36

Therefore, the realized income on your budget is $2,877.36.