Question

at $450 per month, a student pays $5400 a year in rent. If his annual income is $15000, what percent of his income is spent on rent?

Answer 1

Rent = $5400
Income = $15000

Percentage of income spent on rent = 5400/15000 x 100 = 36%

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Answer: He spent 36% on rent.
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Answer 2

36%

Explanation:

The rent paid is a percentage of the net income earned by the student. Logically, if the rate for the rent was at $450 per month for 12 months, this makes $5400 a year in rent.

If the annual income was $15000, the percent of his income is spent on rent

= ($5400/$15000) × 100%

= 36%

It means he spent 36% of his income on rent.