Question

Shay's net earnings per month are $4000. Shay's total monthly expenses are $3000. The biggest expense is rent at $1500. If Shay takes on a roommate who pays $500 per month, by what amount has Shay reduced total monthly expenses?

Group of answer choices
1/8 or 13%
1/6 or 17%
1/3 or 33%
1/2 or 50%

Answer 1

Answer:1/6 or 17%

Step-by-step explanation:

Answer 2

Answer: Choice B) 1/6 or 17%

Step-by-step explanation:

Ignore the net earnings of $4000 as it's extra unneeded info. The same goes for the $1500 rent.

Shay has monthly expenses of $3000. If the roommate chips in $500, then Shay saves 500/3000 = 5/30 = 1/6 of her money toward expenses.

Using a calculator, 1/6 = 0.17 = 17% approximately