SOLUTION: Rental cost cannot be more than 40% of the tenant's income. If the Rent is $1,150. What is the minimum the tenant must make to qualify? What is the formula for figuring this out

Question 866111: Rental cost cannot be more than 40% of the tenant's income. If the Rent is $1,150. What is the minimum the tenant must make to qualify? What is the formula for figuring this out?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Rental cost cannot be more than 40% of the tenant's income.
If the Rent is $1,150, What is the minimum the tenant must make to qualify?
What is the formula for figuring this out?
:
let w = qualifying income
:
.40w = 1150
w = 1150/.4
w = $2875
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