Questions LLC Jessica’s 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.(1 point)

1 answer

To find the percentage of Jessica's income that was spent on monthly rent, we first need to calculate her total monthly expenses and then use the rent amount to find the percentage.

  1. Calculate total monthly expenses:

    • Monthly rent: $800
    • Cellphone bill: $125
    • Utility bill: $350
    • Groceries: $350
    • Transportation: $150

    Total expenses = $800 + $125 + $350 + $350 + $150 = $1,775

  2. Calculate the percentage of income spent on rent:

    \[ \text{Percentage spent on rent} = \left( \frac{\text{Monthly Rent}}{\text{Total Expenses}} \right) \times 100 \]

    \[ \text{Percentage spent on rent} = \left( \frac{800}{1775} \right) \times 100 \approx 45.05 \]

  3. Round to the nearest whole number:

    Rounding 45.05 gives us 45.

Thus, Jessica spent approximately 45% of her income on monthly rent.