Question

If your net pay, after a $142.00 automatic withdrawal, is $2,665.00, what percent of your net pay was withdrawn?

Answer 1

Net pay = $142 + $2665 = $2807

Percent withdrawn = (withdrawal ÷ net pay) × 100%

= (142 ÷ 2807) × 100%

= 5.058781617...%

= 5.1% (nearest tenth)