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?

Mathematics · High School · Tue Nov 03 2020

Answered on

Gross income of Terry = $2400

 Net income (in%) = 80%

Utility bill = $150

Net income = 2400/100 × 80

=$ 1920

So, Net income of Terry is $1920.

% of Net income spent on utility bill = 150/1920 × 100%

= 7.81 %

 

Thus, Terry spend 7.81% of Net income on utility bills.

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