Question

Your fixed expenses are $1,045.32/month. What is your minimum realized income per month if your expenses are 36%?

Answer 1

The correct answer is $2,903.67!

Answer 2

Your minimum realized income is $2903.67 per month.

Explanation:

Your fixed expenses are $1,045.32 per month.

That is 36% of your minimum realized income

`(1045.32)/(realized income)` × 100 = 36

Realized income =
`(1045.32)/(36)` × 100

= $2903.67

Your minimum realized income is $2903.67 per month.