Question

Lizette budgets $375 each month for fixed expenses. What percent of her income is that amount if she nets $1536 each month?

Answer 1

$375 of $1536 is about 24%

Answer 2

percentage can be calculated by using the following rule:
percentage = (fraction/total) x 100

Now, for this problem, the fraction of money used for expenses is 375$ while the total amount is 1536$

Substitute with these values in the above equation:
percentage = (375/1536) x 100 = 24.414%