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Question 280363: You earn $2300 bi-weekly and pay $625 per month for rent. What percentage of your weekly check is used for rent?
This was a multiple choice question. The answer choices were A. 27% B. 18% C. 21% D. 16% I can't seem to come to any of those conclusions. I keep getting 13.58%
Answer by checkley77(12844)   (Show Source):
You can put this solution on YOUR website! Sorry for the oversight in reading the problem.
You earn:
2,300*26=59.800 per year.
You pay:
625*12=7,500 rent per year.
If we divide the total rent for the year by the total salary for the year we get the %.
7,500/59,800=.1254 or 12.54% of your salary pays the rent.
The percentage by week, biweekly, monthly of annually is the same percent.
The only way to get one of the available choices of answers is:
625/2300=.27 or 27% which is the percent of the total rent out of the biweekly pay.
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