Question

from net earnings of $740 per month, lisa jones must spend $200 for her portion of the rent on an apartment she shares with two friends. what percent of her net income is her rent payment?

A. 38%
B. 73%
C. 27%
D. 32%

Answer 1

27%
$\frac{200}{740} \times \frac{100}{1}$

Answer 2

Solution:

She spends 27% of her net income in rent.

Explanation:

We have been given that the net earning of Lisa jones is $740.

The monthly rental for the apartment is $200. We have to find the percentage of the net income spent in the rent.

The formula is given by

$\%=\frac{\text{Amount spent in rent}}{\text{Net income}}\times 100$

Plugging the known values, we get

$\%=\frac{200}{740}\times 100\\\\\%=\frac{2000}{74}\times 100\\\\\%=27\%$

Therefore, she spends 27% of her net income in rent.

C is the correct option.