Question

Monica is trying to lower her credit card debt and had been tracking her expenses for the past month. She identified her variable expenses in relation to her fixed expenses. wothoutbaltering her variable expenses, how much extra could she possibly put towards her credit cards?

A. $1,792
B. $1,568
C. $224
D. $1,008

Answer 1

Option C is the right answer.

Step-by-step explanation:

As per the given pie chart, it shows that 36% and 56% are used for fixed and variable expenses and the net income is only 8%.

The monthly income is given as $2800

Now we will multiply her monthly income by 8%: or 0.08

`2800*0.08=224`

Hence, Monica can put $224 towards her cards.

So, the answer is option C. $224

Answer 2

According to the pie chart, 36% and 56% are used for expenses, so there is 8% left over.

Multiply her monthly income by 8%:

2800 x 0.08 = 224

The answer is C. $224