Question

Larry spends 20% of 60% of his monthly salary on utility bills and this amounts to $30,000. Calculate Larry’s monthly salary.

Answer 1

Larry's monthly salary is $250,000.

Explanation:

If we allow L to represent Larry's monthly salary, we can find it using the following equation:

20% of (60% of L) = $30000

(0.20(0.60L) = 30000) / 0.20

(0.60L = 150000) / 0.60

L = 250000

Therefore, Larry's monthly salary is $250,000.