From net earnings of $740 per month, Ginger Elliott must spend $200 for her portion of the rent on an apartment she shares with two friends. What percent of her net income is her payment?
a.
27 percent
b.
32 percent
c.
38 percent
d.
73 percent
well, 200/740 = ___
200 / 740 = ?
To find the percent of Ginger Elliott's net income that her payment represents, we can use the following formula:
Payment percent = (Payment amount / Net income) * 100
In this case, Ginger's payment is $200, and her net income is $740.
So, we can substitute these values into the formula:
Payment percent = (200 / 740) * 100
Now, let's calculate:
Payment percent = (0.2703) * 100
Payment percent ≈ 27.03
Therefore, Ginger's payment represents approximately 27.03 percent of her net income.
So, the correct answer is option a. 27 percent.