Question

Gina Long owns a home valued at $268,400. Last year, she spent $9,225 for repairs and maintenance, which was higher than usual. What percent of the value of her home did she spend on repairs and maintenance last year?

a. 2.9%
b. 3.4%
c. 4.5%
d. 5.6%
e. None of these choices are correct.

Answer 1

To find the percent of Gina's home value that she spent on repairs and maintenance, divide the amount spent on repairs and maintenance by the value of her home and then multiply by 100 to get the percentage. Gina Long spent approximately 3.44% of the value of her home on repairs and maintenance last year.

Step-by-step explanation:

To find the percent of Gina's home value that she spent on repairs and maintenance, we need to divide the amount spent on repairs and maintenance by the value of her home and then multiply by 100 to get the percentage.

So we have:

Percent spent on repairs and maintenance = (Amount spent on repairs and maintenance / Value of home) * 100

Using the given values, we can calculate:

Percent spent on repairs and maintenance = ($9,225 / $268,400) * 100 = 3.44%

Therefore, Gina Long spent approximately 3.44% of the value of her home on repairs and maintenance last year.