SOLUTION: Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend

Question 1015170: Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
- Add up his expenses and savings
- Deduct from his income of 1,240
- Divide the result by 1,240 and then multiply times 100 in order to get %
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The term "per cent" is derived from the Latin per centum, meaning "by the hundred".
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