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

Answer 1

27% of her net income is her rent payment

Explanation:

Net earnings = $740

Lisa spend $200 for rent payment

We need to find out what percent of net earning is her rent payment

Let x be the percentage

x% of net income = rent

x% * 740 = 200

`(x)/(100) * 740 = 200`

Multiply both sides by 1004

740x = 20000

divide both sides by 740

x=27.02702703

So its approximately 27%