SOLUTION: so a family spends $24,050 in housing and entertainment combined and i need to find the annual income the pie chart shows that housing is 24% food is 21% clothing is 13%

Algebra ->  Finance -> SOLUTION: so a family spends $24,050 in housing and entertainment combined and i need to find the annual income the pie chart shows that housing is 24% food is 21% clothing is 13%       Log On


   

Question 776908: so a family spends $24,050 in housing and entertainment combined and i need to find the annual income
the pie chart shows that
housing is 24%
food is 21%
clothing is 13%
entertainment is 13%
auto is 12%
insurance is 10%
and savings is 7%
I dont even know how to do this

Answer by psbhowmick(878) About Me  (Show Source):
You can put this solution on YOUR website!
Suppose the annual income is $X.

Of this $X, (24% + 13% =) 37% is spent on housing and entertainment.

Given that the amount spent on housing and entertainment is $24050.

0.37X+=+24050
X+=+24050%2F.37+=+65000

So the annual income is $65,000.
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