SOLUTION: Personal Budgeting- Jim Lawler spends 28% of his imcom on housing, 15% on food, 11% on clothing, 15% on transportation 11% on education, 7% on recreation, and saves the balance. If

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Question 77210: Personal Budgeting- Jim Lawler spends 28% of his imcom on housing, 15% on food, 11% on clothing, 15% on transportation 11% on education, 7% on recreation, and saves the balance. If his savings amount to $266.50 per month, what are his monthly earnings?
Gambling Payback- An Atlantic City casino advertises that it gives a 97.4% payback on slot machines, and the balance is retained by the casino.If the amount by the casino is $4823, find the total amount playedon the slot machines.
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
(1-.28-.15-.11-.15-.11-.7)X=266.50
(1-.87)X=266.50
.13X=266.50
X=266.50/.13
X=2050 ANSWER.
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.026X=4823
X=4823/.026
X=185,500 TOTAL AMOUNT PLAYED ON THE SLOT MACHINES.