Question

Maureen budgets $1420 each month for fixed expenses. what percent of her net monthly income is that if she nets $2200 semimonthly? Explain.

A. 24%

B. 28%

C. 32 %

D. 38 %

Answer 1

32 %

Explanation:

2200*2= 4,400

1420/4,400= 0.32272727272727272727272727272727

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Answer 2

Maureen earns $2200 semimonthly, which means she earns
`2(2200)=4400` dollars per month. Now, to find what percent of her net monthly income is $1420, we are going to set up a proportion taking advantage of the fact that $4400 is the 100% of her monthly income:

`(4400----\ \textgreater \ 100)/(1420-----\ \textgreater \ x)`

`(4400)/(1420) = (100)/(x)`

`(x)/(1420) = (100)/(4400)`

`x= ((100)(1420))/(4400)`

`x=32.27`

We can conclude that Maureen budgets $1420 each month for fixed expenses, which is the 32% of her monthly income.