Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?
A. 64%
B. 43%
C. 40%
D. 300%
other things = 1240 - (150+244+300+50) = ?
percent spent on other things = ?/1240 * 100% = ...
To find the percent of Victor Malaba's net income that he can spend on other things, we need to subtract the total amount he spends on food, car payment, rent, and savings from his net income, and then calculate the percentage.
Step 1: Find the total amount Victor spends on food, car payment, rent, and savings.
Total expenses = food + car payment + rent + savings
Total expenses = $150 + $244 + $300 + $50
Total expenses = $744
Step 2: Subtract the total expenses from Victor's net income.
Amount Victor can spend on other things = Net income - Total expenses
Amount Victor can spend on other things = $1,240 - $744
Amount Victor can spend on other things = $496
Step 3: Calculate the percentage of Victor's net income that he can spend on other things.
Percentage = (Amount Victor can spend on other things / Net income) * 100
Percentage = ($496 / $1,240) * 100
Percentage = 0.4 * 100
Percentage = 40%
Therefore, the percent of Victor Malaba's net income that he can spend on other things is 40%. Hence, the correct answer is C. 40%.