Confused about what you mean by
"he had spent 1.2 of his income on food.."
did you mean 1.2% ?
1.2 would be 120%, so he is obviously living beyond his means.
So is Mike.
(I am going to assume you meant:
Mike said he spent 1/2 of his income on food and rent, 1/4 of his income on clothing, 1/12 on entertainment, and had saved $1400. )
add up 1/2 + 1/4 + 1/12
subtract that from 1
whatever that fraction is represents $1400
divide 1400 by that fraction to get his income.
I got $8400
1/2 of 8400 = 4200
1/4 of 8400 = 2100
1/12 of 8400 = 700
total so far = 7000 leaving 1400 for savings
I meant to type 1/2 and not 1.2,sorry. Thank you for answering the questions. I will use the same operation to solve the first part of the problem. Thank you!
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