Answer:
The correct answer is "The value of P is $3,500 and it corresponds to 70% of her salary"
Step-by-step explanation:
First we need to calculate L
1/3 or 33.33% of L spend on gift
2/5 or 40% of L spent on savings
This would leave her with $200 for miscellaneous expenses
=100% - (33.33% + 40%)
=100% - 73.33%
=26.67%
So 26.67% = $200 for miscellaneous expenses
Rule of three, to calculate L
26.67% ------------ $200
100% --------------- ?
=(100 X 200) ÷ 26.67
=20000 ÷ 26.67
= $750
L= $750
Now we going to calculate K
"K is twice the amount of L"
K = L X 2
K = 750 X 2
K= $1,500
Finally we going to calculate P
P = J - K
J = $5,000
K = $1,500
P =$5,000 - $1500 = $3,500
Rule of three
5000 -------- 100%
3500---------- ?
=3500 x 100 ÷ 5000
=350000 ÷ 5000
P=70%
The value of P is $3,500 and it corresponds to 70% of her salary