Answer: To answer this we have to remember how to find the total amount of cash he will be spending. Since 19.2% is 240, we multiply that by 100. We end up with 24,000 which you will then divide by the percentage. After that, you have your final answer which is 1,250. To double-check you can make sure that 19.2% of 1,250 is 240, which it is. Therefore, your final answer is $1,250.
