Question

Last month, Luke spent $1,300 on his mortgage (home loan payment), $320 for food, $280 on entertainment, $275 for his car

payment, $60 on car insurance, and $75 on clothing. What was the difference for the month between his fixed expenses and
variable expenses?
A)
$1035
B)
$1240
C)$960
D)
$900

Answer 1

The difference between the two categories is 960.

The fixed expenses are: mortgage, car and insurance

1300 + 275 + 60 = 1635

The variable expenses are: food, entertainment, clothing

320 + 280 + 75 = 675

Subtracting those gives a value of 960.

Explanation: