the krames spent 2905 on auto expenses. That was 7% of their income. What is thier total income?
0.07n = 2905
Solve for n.
"of"="="
2905=.07x
solve for x
Total income= $41,500
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What is $2905/.07 ?
To find the total income of the Krames, we need to use the information that the auto expenses accounted for 7% of their income.
We can set up an equation to solve for the total income. Let's denote the total income as "x". According to the given information, 7% of the total income is equal to $2905.
Mathematically, this can be expressed as:
(7/100) * x = 2905
To solve this equation, we need to isolate the variable "x" by multiplying both sides of the equation by 100/7:
x = (2905) * (100/7)
x ≈ 41428.57
Therefore, the total income of the Krames is approximately $41,428.57.