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Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary. Charlene is going to reduce her net income by $125 each month and put this money towards paying down her debt. What will Charlene’s new net income be? a. $113. 70 b. $176. 70 c. $229. 95 d. $238. 70.

Respuesta :

Charlene’s new net income will be $113.70.

What is Percentage?

A percentage is a way to describe a part of a whole. such as the fraction 1/4 can be described as 0.25 which is equal to 25%.

To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.

As it is given that the monthly salary of Charlene is $3,410. While her net income is 7% of her monthly income. Therefore, the net income of the Charlene is

[tex]7\%\ of\ \$3410 = \text{Charlene Net income}\\\\\dfrac{7}{100} \times 3410 = \text{Charlene Net income}\\\\ \text{Charlene Net income} = \$238.7[/tex]

Thus, Charlene's net income is $238.7.

Now since Charlene is going to reduce her net income by $125 each month, therefore,

Charlene New Net Income = Charlene Net Income - $125

                                              = $238.7 - $125

                                              = $113.70

Hence, Charlene’s new net income will be $113.70.

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