Problema Solution
I tried salving my problem I couldn't get it right.. here's the question ---> Stu allocated 12% of his net monthly income of $1,768.94 for eating out.
He found he was spending too much for eating out. He wanted to reduce
his monthly expense for eating out to $150 and put the extra money in
savings. How much money could he put in savings each month by doing
that?
a. $62.27
b. $150
c. $212.27
d. $52.63
Answer provided by our tutors
the money Stu spent for eating out before reducing his expenses:
0.12*1,768.94 = $212.2728
reducing his monthly expense for eating out to $150 means he will save:
$212.2728 - $150 = $62,2728
The answer is a. $62.27.