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by ricky on October 28th, 2009

ricky

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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?

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Answers. 2 helpful answers below.

  • by Cheese on October 28th, 2009

    Cheese

    20+23+42= 85. 100-85= 15% is saved

    So... $360 = 15% of income.

    15/100=360/X Cross multiply and solve for X

    x=36000/15
    X= $2400 a month

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  • by philosopher-saint on October 28th, 2009

    philosopher-saint

    Well, what's their tax situation like? Any medical bills not covered by insurance that exceeds 2% of the primary wage earner's adjusted gross annual income? And charitable contributions? Deductable interest on the mortgage? Oh, there really isn't enough information given to arrive at any kind of useful figure.
    -
    You think your teacher will buy that?!
    -
    ;-)

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A family has a monthly income of
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
If a family saves 360 per month what is its monthly income
A family spends 20 of its monthly income on food 23 on rent and 42 on other expenses and save the balance if the family saves 360 per month what is its monthly income
A family spends 20 of a monthly income on food and 23 on rent and 42 on other expenses and saves the balance if the family saves 360 per month what is the monthly income

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