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If a person spends 25% of their income on housing and their monthly income is $2

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Question: If a person spends 25% of their income on housing and their monthly income is $2,000, how much do they spend on housing?

Options:

  1. $400
  2. $500
  3. $600
  4. $700

Correct Answer: $500

Solution: 

25% of $2,000 is 0.25 * 2000 = $500.

If a person spends 25% of their income on housing and their monthly income is $2

Practice Questions

Q1
If a person spends 25% of their income on housing and their monthly income is $2,000, how much do they spend on housing?
  1. $400
  2. $500
  3. $600
  4. $700

Questions & Step-by-Step Solutions

If a person spends 25% of their income on housing and their monthly income is $2,000, how much do they spend on housing?
  • Step 1: Understand that 25% means 25 out of 100 parts.
  • Step 2: Convert 25% to a decimal. 25% as a decimal is 0.25.
  • Step 3: Identify the monthly income, which is $2,000.
  • Step 4: Multiply the decimal (0.25) by the monthly income ($2,000).
  • Step 5: Calculate 0.25 * 2000, which equals $500.
  • Step 6: Conclude that the person spends $500 on housing.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Income Allocation – Understanding how to allocate a portion of income to specific expenses.
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