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A man spends 40% of his income on rent. If his income is $5000, how much does he

Practice Questions

Q1
A man spends 40% of his income on rent. If his income is $5000, how much does he spend on rent?
  1. $1800
  2. $2000
  3. $2200
  4. $2400

Questions & Step-by-Step Solutions

A man spends 40% of his income on rent. If his income is $5000, how much does he spend on rent?
Correct Answer: $2000
  • Step 1: Identify the man's total income, which is $5000.
  • Step 2: Determine the percentage of income spent on rent, which is 40%.
  • Step 3: Convert the percentage to a decimal by dividing by 100. So, 40% becomes 0.4.
  • Step 4: Multiply the total income by the decimal. So, calculate 0.4 * 5000.
  • Step 5: Perform the multiplication: 0.4 * 5000 = 2000.
  • Step 6: Conclude that the man spends $2000 on rent.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
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