# SOLUTION: LA couple decide to analyze their monthly spending habits. The monthly bills are 50% of their take-home pay, and they invest 20% of their take-home pay. They spend \$560 on grocerie

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 Click here to see ALL problems on Money Word Problems Question 368938: LA couple decide to analyze their monthly spending habits. The monthly bills are 50% of their take-home pay, and they invest 20% of their take-home pay. They spend \$560 on groceries, and 23% goes to miscellaneous. How much is their take-home pay per month?Answer by lkellhomes(6)   (Show Source): You can put this solution on YOUR website!Let's analyze the percentages given of take home pay... 50% - bills 20% - invested 23% - miscellaneous --------------------- 93% - Total so far 7% - Must be the percentage for the groceries __________________________________ Given that the grocery bill totals \$560, we can set up a proportion to solve (part/whole) = (part/whole) (560 is part of the income/x is the unknown whole) = (7percent is part/100 is the whole percentage) __________________________________ (560/x) = (7/100) 7x = 56000 x = 8000 The couple's monthly income is \$8000 per month