Allison is 29 years old and her monthly after-tax salary is $3800. She spends an average of $260 per month on entertainment. The national average, for those under 35, on entertainment spending is 5% of income. What percent of Allison’s income does she spend on entertainment? How does Allison’s spending compare with the national average?

Allison is 29 years old and her monthly after-tax salary is $3800. She spends an average of $260 per month on entertainment. The national average, for those under 35, on entertainment spending is 5% of income. What percent of Allison’s income does she spend on entertainment? How does Allison’s spending compare with the national average?

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...

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