Terry makes $2400$2400 per month in gross income. His net earnings are 80%80% of his gross....

Terry makes $2400$2400 per month in gross income. His net earnings are 80%80% of his gross. His utility bills total $150.$150. What percentage of Terry's net earnings is he spending on utilities?

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Expert Solution

Terry's monthly Gross earnings = $2400

Terry's monthly Net earnings = Gross earnings*80%

= $2400*80%

Terry's monthly Net earnings = $1920

Monthly Utility bills = $150

Percentage of Terry's Net earnings he spend on Utilities = Monthly Utility bills/Monthly Net earnings

=$150/$1920

Percentage of Terry's Net earnings he spend on Utilities = 7.8125%

jeff jeffy answered 2 years ago

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