SOLUTION: If my total monthly income is $6,000 and my total monthly expenses are $389.14, what percentage of income do I have left for food, clothing, rent or mortgage?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: If my total monthly income is $6,000 and my total monthly expenses are $389.14, what percentage of income do I have left for food, clothing, rent or mortgage?      Log On


   

Question 158164: If my total monthly income is $6,000 and my total monthly expenses are $389.14, what percentage of income do I have left for food, clothing, rent or mortgage?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Percentage of Monthly Expenses: %28389.14%2F6000%29100=6.49

So your monthly expenses of $389.14 are 6.49% of $6,000


Now subtract 6.49% from 100% to get the percentage you have left for food, clothing, rent or mortgage

100-6.49=93.51


So you have 93.51% left for food, clothing, rent or mortgage.