Question

Ramon earns $1,715 each month and pays $53.40 on electricity. To the nearest tenth of a percent, what percent of Ramon's earnings are spent on electricity each month?

Answer 1

Percent of earnings spent on electricity each month is 3.1 %

Solution:

Given that Ramon earns $1,715 each month and pays $53.40 on electricity

To find: Percent of earnings spent on electricity each month

From given information,

Ramon's monthly salary = $ 1715

Electricity Rent = $ 53.40

Finding percentage of earnings spent on electricity:

Percent of earnings spent on electricity =
`\frac{\text{ electricity rent}}{\text{ monthly salary}} * 100`

Substituting the values we get,

`\rightarrow (53.40)/(1715) * 100\\\\\rightarrow 0.031137 * 100 = 3.113 \approx 3.1`

Thus Percent of earnings spent on electricity each month is 3.1 %