Question

From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two friends. What percent of her net income is her rent payment? A. 73% B. 32% C. 27% D. 38%

Answer 1

From net earnings of $740 per month Lisa Jones must spend $200 from her portion of the rent on an apartment she shares with two friends. 27% of her net income is her rent payment.

Solution:

200/740*100=27.027%

Step-by-step explanation:

Answer 2

C. 27%

Step-by-step explanation:

Percentage calculation will be as follows

Percentage of expense =
`(Expense\: of \: rent)/(Net \: Earnings) * 100`

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income =
`(200)/(740) * 100 = 27`

Therefore correct option is

C. 27%