Question

Joan gets $1,000 paycheck each month. She saves $50 from each paycheck. What percent of her paycheck does Joan save?

A) 2%
B) 5%
C) 20%
D) 50%

Answer 1

The percentage of paycheck Joan saves is 5% .

Explanation:

Given as :

The paycheck that Joan gets each months = x = $1,000

The money that Joan saves from each paycheck = y = $50

Let The percentage of paycheck Joan saves = z%

Now, According to question

The percentage of paycheck Joan saves =
`(\textrm  money that Joan saves from each paycheck)/(\textrm total paycheck money)` × 100

Or, z =
`(y)/(x)` × 100

Or, z =
`(50)/(1000)` × 100

Or, z = 5%

So, The percentage of paycheck Joan saves = z = 5%

Hence,The percentage of paycheck Joan saves is 5% . Answer