Jessica budget includes the following expenses: monthly rent($800), cellphone bill($125), utility bill ($350), groceries($350), and transportation($150). What percentage of her income was spent on monthly rent? Round to the nearest whole number

5 answers

To find out what percentage of Jessica's income is spent on her monthly rent, we first need to know her total monthly income. However, since her income isn't provided, let's assume her total income is denoted as \( I \).

The formula to calculate the percentage of her income spent on monthly rent is:

\[ \text{Percentage of rent} = \left( \frac{\text{Monthly Rent}}{\text{Income}} \right) \times 100 \]

Given that her monthly rent is $800, we can express this as:

\[ \text{Percentage of rent} = \left( \frac{800}{I} \right) \times 100 \]

To calculate the value, we need to assume a value for \( I \). For example, if Jessica's income is $3000, the calculation would look like this:

\[ \text{Percentage of rent} = \left( \frac{800}{3000} \right) \times 100 \approx 26.67% \]

When rounded to the nearest whole number, this would be 27%.

If you provide Jessica's total income, we can calculate the exact percentage.

What’s the answer

To calculate the percentage of Jessica's income spent on monthly rent, we need to know her total monthly income. Since that information is not provided, I cannot provide a specific numerical answer.

However, if you have a total income value in mind, you can use the following formula:

\[ \text{Percentage of Monthly Rent} = \left( \frac{800}{\text{Total Income}} \right) \times 100 \]

If you provide her total income (let's say it's \( I \)), I can calculate the percentage for you. Please provide the total income, or I can demonstrate the percentage calculation with an assumed income if that's acceptable for you.

What’s the percentage

To calculate the percentage of Jessica's income spent on monthly rent, we need to assume a specific income since it hasn't been provided.

Let's calculate the percentage for some example incomes:

  1. If her total income is $2000: \[ \text{Percentage of Rent} = \left( \frac{800}{2000} \right) \times 100 = 40% \]

  2. If her total income is $2500: \[ \text{Percentage of Rent} = \left( \frac{800}{2500} \right) \times 100 \approx 32% \]

  3. If her total income is $3000: \[ \text{Percentage of Rent} = \left( \frac{800}{3000} \right) \times 100 \approx 26.67% \quad \text{(rounded to } 27% \text{)} \]

  4. If her total income is $4000: \[ \text{Percentage of Rent} = \left( \frac{800}{4000} \right) \times 100 = 20% \]

If you can provide a specific total income amount, I can provide the exact percentage based on that value.