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. 27%
B. 32%
C. 73%
D. 38%

Answer 1

Percent means per one hundred...

p/100=200/740 multiply both sides by 100

p=100*200/740

p=20000/740 %

p=1000/37 %

p≈27.027 %

p≈27% (to nearest whole percent)

Answer 2

Find out the what percent of her net income is her rent payment.

To prove

Formula

`Percentage = (Part\ value*100)/(Total\ value)`

As given

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 .

Than

Part value = $200

Total value = $740

Put in the formula

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

solving

Percentage = 27 % (approx)

Therefore 27% of her net income is her rent payment .

Option (A) is correct .