If Joel earns $1,500 per month. If he spends $375 on rent each month, what percent of his income does he spend on rent?
Is it 40%
No.
100(375/1500) = _______%
33 1/3 %
http://www.google.com/#q=100(375%2F1500)+%3D
To find out the percentage of Joel's income that he spends on rent, you need to divide the amount he spends on rent by his monthly income and then multiply by 100.
First, let's calculate how much Joel spends on rent as a percentage of his income.
Rent = $375
Income = $1,500
Percentage = (Rent / Income) * 100
Percentage = (375 / 1500) * 100
Percentage = (0.25) * 100
Percentage = 25%
Therefore, Joel spends 25% of his income on rent, not 40%.