Victor Malaba has a net income of \$1,240 per month. If he spends \$150 on food, \$244 on a car payment, \$300 on rent, and \$50 on savings, what percent of his net income can he spend on other things? A. 43% B. 64% C. 300% D. 40%
Victor Malaba has a net income of \$1,240 per month. If he spends \$150 on food, \$244 on a car payment, \$300 on rent, and \$50 on savings, 40% of his net income can he spend on other things. Solution: 1 - ((150 + 244 + 300 + 50)/1240 = 0.4.
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