Masaru works as a salesperson and earns an hourly wage plus commission.He works 35 hours per week, at a rate of $11.75 per hour. His commission is about $125.00 per week. his expenses account for about 85% of his income.
A. How much money does he put into savings in one year?
i got 35x11.75=411.25+125.00=536.26x0.85=455.8125
i then subtracted 536.25-255.8126=80.4372 and multiply by 12 and got $965.2464. Can you tell me if this is correct?
B. Masaru spends about 7200.00 a year on rent. What percent of his income does this represent?
how do you do this?
Whoops made a mistake i subtracted 536.25 by 455.8125 and got 80.4372
Masrau makes about $536.25 a week.
536.25 * 52 = 27,885 yearly income
0.15 * 27,885 = 4,182.75 yearly savings
Thank you Ms.Sue :) can you help me with B?
You're welcome, Sim.
100(7200/27,885) = ?
A. Let's break down the calculation step by step to determine how much money Masaru puts into savings in one year.
1. Calculate Masaru's earnings per week: 35 hours * $11.75/hour = $411.25
2. Add his commission to his weekly earnings: $411.25 + $125.00 = $536.25
3. Calculate Masaru's total income after accounting for his expenses: $536.25 * 0.85 = $455.81 (rounded to two decimal places)
4. Determine how much money Masaru puts into savings per week: $536.25 - $455.81 = $80.44
5. Multiply the weekly savings by the number of weeks in a year (assuming 52 weeks): $80.44 * 52 = $4,183.68 (rounded to two decimal places)
Therefore, Masaru puts approximately $4,183.68 into savings in one year. Please note that the value you calculated, $965.25, is incorrect.
B. To determine the percentage of Masaru's income spent on rent:
1. Calculate the annual income before expenses: $536.25 * 52 = $27,861.00
2. Calculate the percentage of income spent on rent: ($7,200.00 / $27,861.00) * 100 = 25.85% (rounded to two decimal places)
Therefore, Masaru spends approximately 25.85% of his income on rent.