Question

Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things? A. 300% B. 40% C. 43% D. 64%

Answer 1

The correct answer is B. 40%

Answer 2

150+244+300+50=$744
Now that you have this, you just cross multiply.
If $1240 equals 100% of his net income, then 744 equals...
744×100÷1240=60%
100-60=40
Therefore B.40% is the correct answer.