Question

The Smith house payments are 800$ per month. What percent of their combined take home pay goes for the house payments? (96,169 is their combined pay)


pls explain your answer if you can.

Answer 1

If $96,169 is their combined pay in one year then consider this...
800x12=9,600

Simplify 96,169 to 96,000...

Divide 96,000 by 9,600 = 10.0
then pretend we had divided 96,100 by 9,600 then your answer would be 10.01