Maricris spends 1/2 of her monthly income on food and rent, 1/4 of her income on clothing and 1/12 on entertainment. She saves the rest which is $700. What is her monthly income?

Respuesta :

Answer:

Her monthly income is $4200.

Step-by-step explanation:

Let her monthly income be 'x'.

Given:

Money spent on food and rent = 1/2 of 'x' = [tex]\frac{x}{2}[/tex]

Money spent on clothing = 1/4 of 'x' = [tex]\frac{x}{4}[/tex]

Money spent on entertainment = 1/12 of 'x' = [tex]\frac{x}{12}[/tex]

Money saved = $700

Total money spent = Money on food and rent + Money on clothing + Money on entertainment

Total money spent = [tex]\frac{x}{2}+\frac{x}{4}+\frac{x}{12}[/tex]

Adding by making denominator same. LCD of 2, 4, and 12 is 12. So,

Total money spent is given as:

[tex]Total=\frac{x\times 6}{2\times 6}+\frac{x\times 3}{4\times 3}+\frac{x}{12}\\\\Total=\frac{6x}{12}+\frac{3x}{12}+\frac{x}{12}\\\\Total=\frac{6x+3x+x}{12}\\\\Total = \frac{10x}{12}=\frac{10x\div 2}{12\div 2}=\frac{5x}{6}[/tex]

Now, total money saved is equal to total monthly income minus total money spent. So,

Money saved = Monthly income - Total money spent

[tex]700=x-\frac{5x}{6}\\\\700=\frac{6x}{6}-\frac{5x}{6}\\\\700=\frac{6x-5x}{6}\\\\700=\frac{x}{6}\\\\x=700\times 6=\$4200[/tex]

Therefore, her monthly income is $4200.