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

Answer 1

200/740 = 0.27 = 27%

Answer 2

The 27% Lisa Jones net income is her rent payment .

Option (B) is correct.

Explanation:

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.

Here

Total value = $740

Part value = $200

Put in the formula

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

`Percentage = (20000)/(740)`

Percentage = 27% (Approx)

Therefore the 27% Lisa Jones net income is her rent payment .

Option (B) is correct.