You spend $685 a month on living expenses. If your monthly income is $1500, what percent of your income do you spend on living expenses?
685 / 1500 = 0.456667 = 45.7%
To find the percentage of your income that you spend on living expenses, you need to divide the amount you spend on living expenses by your monthly income and then multiply it by 100.
Now, let's calculate:
Step 1: Divide your living expenses by your monthly income:
$685 / $1500 = 0.45667 (rounded to 5 decimal places)
Step 2: Multiply the result by 100 to convert it into a percentage:
0.45667 * 100 = 45.67 (rounded to 2 decimal places)
Therefore, you spend approximately 45.67% of your monthly income on living expenses.
To find the percentage of your income that you spend on living expenses, you need to divide the monthly living expenses by the monthly income and then multiply by 100.
Step 1: Divide the monthly living expenses by the monthly income:
685 / 1500 = 0.4567
Step 2: Multiply the result by 100:
0.4567 * 100 = 45.67
So, you spend approximately 45.67% of your income on living expenses.