Question

Financial planners recommend that families save about 5% of their take-home pay. Ed and Sherrie save $90 each pay period from their combined paychecks, which total $1200. What percent do Ed and Sherrie save?

Answer 1

Ed and Sheerie save 7.5%.

Explanation:

This question can be solved using a rule of three.

Ed and Sherrie save $90 each pay period from their combined paychecks, which total $1200. What percent do Ed and Sherrie save?

How much of $1200 is $90? $1200 is 100% = 1, $90 = x. So

$1200 - 1

$90 - x

`1200x = 90`

`x = (90)/(1200)`

`x = 0.075`

Ed and Sheerie save 7.5%.