Question

A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balanc

A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balance. If the family saves $360 per month, what is its monthly income?

7 years ago - 12 answers

Best Answer

Chosen by Asker

20% on food, 23% of rent, 42% on other, leaves 15% for savings. $360 per month is the savings, then $2400 is the monthly income.

2400 monthly income

food = 2400 x 20% = $ 480
rent = 2400 x 23% = $ 552
other = 2400 x 42% = $1,008
savings = 2400 x 15% = $ 360

Total = $2,400

7 years ago

Other Answers

Saving is very inportant $360 a month who care what the rest is

by Gerald - 7 years ago

2400.00

Source(s)

by sweet girl - 7 years ago

100% - 23% - 42% - 20% = 15%

Income * 0.15 = $360

Divide 360 by 0.15 = $2400

by rrossorr - 7 years ago

$360 is 5%

soooooooooooooo..............

720 is 10%

so $7,200

Source(s)

by pinkyismygirlfriendniluvhur - 7 years ago

Next ta fuck all by the sound of it,

by Shazzzz - 7 years ago

I hope it's $2400/mo.

by Sharon - 7 years ago

do you want us to make your math homework?
please do mine.
annual spending 169,000
annual earnings -3,050

no joke,

by triana - 7 years ago

2400

by Bob D - 7 years ago

is this for your school or for your neighbor?

by earth angel - 7 years ago

these silly made up questions for schools teach all the wrong things.

First, this family is paying NO taxes yet has income. This is so NOT America.

Second, only 23% for rent equals $552 a month. Please excuse me, but you can't rent a hovel in any American city or suburb [where almost all the students are] for $552 a month, much less space big enough for a family.

And then there's food. $480 a month for food !! unbelievable. just flat unbelievable. "Family" almost certainly means at least three people. $111 a week for three people's food hasn't been real in America for at least 15 years, more like 30.

In fact, 30 years ago is when I made 'only' 2400 a month and I was just starting out at the time -- didn't have a family. Any modern two income family makes more than 2400 a month.

***
I'm afraid your textbook is so badly out of date that it would be better used as charcoal starter or to train the new puppy.


:-)

Source(s)

by Spock (rhp) - 7 years ago

20%+23%+42%=85%

100%-85%=15%

15%=$360

15% - $360 RULE OF 3
100% - X

360*100=36000

36000/15=2400

$2400

by Mario M - 7 years ago