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You want to take earnings from your part-time job to pay for a new laptop. Your monthly take-home
pay is $500 and the laptop costs $1,200. What percentage of your pay do you need to save in order to
buy the laptop in 12 months?
a. 5%
b. 10%
c.15%
d.20%

Respuesta :

To buy the laptop in 12 months, 20% of pay is needed to save.

What are earnings?

Earnings refer to the actual profitability of the company. In simple words, it is also known as profits in the financial statements.

If monthly take-home pay is $500 and 20% of this pay is saved then the saving for one month comes to be $100. In 12 months, $1,200 will be saved to buy the laptop.

Therefore, D is the correct option.

Learn more about Earnings here:

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