Your fixed expenses are $1,035.65/month and are 36% of your realized income. Use proportions to compute the realized income on your budget.
I am lost please help
See previous post.
To calculate the realized income on your budget, you need to set up a proportion using the given information. Let's denote the realized income as "x".
According to the problem, your fixed expenses of $1,035.65 per month represent 36% of your realized income. This can be written as:
$1,035.65 / x = 36% / 100%
To solve this proportion, we can cross-multiply:
$1,035.65 * 100% = x * 36%
Next, convert the percentages to decimals (divide by 100):
$1,035.65 * 1 = x * 0.36
Simplifying further:
$1,035.65 = 0.36x
Now, divide both sides of the equation by 0.36 to solve for x:
$1,035.65 / 0.36 = x
The calculated realized income would be $2,882.36/month.
To compute the realized income on your budget, we can use proportions. Let's break down the problem step by step:
1. We know that your fixed expenses are $1,035.65 per month.
2. The fixed expenses are said to be 36% of your realized income. This means that 36% of your income is equal to $1,035.65.
3. To find the realized income, we need to set up a proportion. Let's let "x" represent the realized income:
36/100 = $1,035.65/x
In this proportion, 36 represents 36% (or 36/100) and x is the unknown realized income we are trying to find.
4. To find x, we can cross multiply:
36 * x = 100 * $1,035.65
5. Simplifying the equation, we have:
36x = $103,565
6. Now we can solve for x by dividing both sides of the equation by 36:
x = $103,565 / 36
7. Evaluating the expression, we find:
x ≈ $2,876.81
Therefore, the realized income on your budget is approximately $2,876.81.