Question

Denalo will be working at the local pool over his eight-week summer break. His net pay will be $154.68 each week. He hopes to have enough money to purchase a new pair of shoes that cost $225 by the end of his break.

What percent of his net pay does Denalo need to save each week to reach his goal? Round to the nearest hundredth.

a
1.82%

b
9.09%

c
12.37%

d
18.18%

Answer 1

d- 18.18%

Explanation:

I used process of elimination. In the end, if you multiply 154.68 by .1818 (which will give you 18.18%), you will get 28.12. Multiply this by 8 (for the 8 weeks of saving), and you end up with $225.