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Terry makes $2400 per month in gross income. His net earnings are 80% of his gross. His utility bills total $150. What percentage of Terry's net earnings is he spending on utilities?

2 Answers

4 votes

Answer:

7.8

Explanation:

User Luckylukein
by
8.1k points
4 votes

Answer:

7.81%

Explanation:

First, you have to calculate the net earnings by calculating the 80% of the gross income:

gross income= $2,400

net earnings= $2,400*80%= $1,920

Then, you have to calculate the percentage that represents the utility bills spending from the net earnings by dividing $150 by the net earnings and multiplying for 100:

($150/$1,920)*100= 7.81%

According to this, the answer is that 7.81% of Terry's net earnings are spent on utilities.

User LLaP
by
8.7k points
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