Question

Homer spends $13 on lottery tickets every week and spends 135 per month on rent on an annual basis, the first expense is what percent of the second expense

Answer 1

The first expense is 9.62 percent of the second expense

Explanation:

Expense on lottery tickets = $13

Expense on rent = $ 135

Let the lottery ticket be k percentage of rent $135

So, by definition k% of 135 = 13

or,
`(k)/(100) * 135 = 13`

or,
`k = (13 * 100)/(135)  = 9.62`

⇒ k = 9.62%

So, the first expense is 9.62 percent of the second expense.