Mary spends 1/2 of her income on rent and food, 1/12 on entertainment, and 1/4 of her income on clothing. She saves the rest, which is $500. What is her monthly income?
I figure out that LCD is 12 but have not been able to figure out from there.
Let income be I
Then we get:
6I + I + 3I + 6,000 = 12I -------- Multiplying by LCD, 12
10I + 6,000 = 12I
6,000 = 12I - 10I
6,000 = 2I
I, or income = , or