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Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balanc

A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balance. If the family saves $360 per month, what is its monthly income?

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  • Anonymous
    1 decade ago
    Favorite Answer

    20% on food, 23% of rent, 42% on other, leaves 15% for savings. $360 per month is the savings, then $2400 is the monthly income.

    2400 monthly income

    food = 2400 x 20% = $ 480

    rent = 2400 x 23% = $ 552

    other = 2400 x 42% = $1,008

    savings = 2400 x 15% = $ 360

    Total = $2,400

  • 1 decade ago

    these silly made up questions for schools teach all the wrong things.

    First, this family is paying NO taxes yet has income. This is so NOT America.

    Second, only 23% for rent equals $552 a month. Please excuse me, but you can't rent a hovel in any American city or suburb [where almost all the students are] for $552 a month, much less space big enough for a family.

    And then there's food. $480 a month for food !! unbelievable. just flat unbelievable. "Family" almost certainly means at least three people. $111 a week for three people's food hasn't been real in America for at least 15 years, more like 30.

    In fact, 30 years ago is when I made 'only' 2400 a month and I was just starting out at the time -- didn't have a family. Any modern two income family makes more than 2400 a month.

    ***

    I'm afraid your textbook is so badly out of date that it would be better used as charcoal starter or to train the new puppy.

    :-)

    Source(s): and we wonder what is wrong with education in America?
  • 1 decade ago

    20%+23%+42%=85%

    100%-85%=15%

    15%=$360

    15% - $360 RULE OF 3

    100% - X

    360*100=36000

    36000/15=2400

    $2400

  • 1 decade ago

    100% - 23% - 42% - 20% = 15%

    Income * 0.15 = $360

    Divide 360 by 0.15 = $2400

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  • Gerald
    Lv 6
    1 decade ago

    Saving is very inportant $360 a month who care what the rest is

  • 1 decade ago

    I hope it's $2400/mo.

  • Bob D
    Lv 6
    1 decade ago

    2400

  • Anonymous
    1 decade ago

    Next ta **** all by the sound of it,

  • 1 decade ago

    is this for your school or for your neighbor?

  • notei
    Lv 4
    1 decade ago

    do you want us to make your math homework?

    please do mine.

    annual spending 169,000

    annual earnings -3,050

    no joke,

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