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jjen
Nov 12, 2005, 10:05 AM
Jim and Alice Lange, employees at Wal-Mart, have put themselves on a strict budget. Their goal at year’s end is to buy a boat for $15,000 in cash. Their budget includes the following:
40% food and lodging 20% entertainment 10% educational

Jim earns $1,900 per month and Alice earns $2,400 per month. After one year, will Alice and Jim have enough cash to buy the boat?

I need help figureing this out anyone no how.

CroCivic91
Nov 12, 2005, 10:34 AM
How much money will they both (together) make in a year? How much of it do they have to spend on food, entertainment and education? How much will they have left? Will it be enough for the boat?

fredg
Nov 12, 2005, 01:18 PM
Hi,
Jim makes $22,800 in 1 year.
Alice makes $28,800 in 2 years.
(Multiply each monthly amount by 12)

Total income is $51,600 per year (add them together).
They have budgeted a total of 70%.
That leaves 30% (which is 100% minus 70%)
If this 30% is for the boat, then Yes, they can buy the boat.
Because:
30% of $51,600 = $15,480, which they have at the end of the year.
(just multiply .30 times $51,600)
They have $480 after buying the boat.

sexylove01
Feb 24, 2009, 05:37 AM
write an algebraic expression
a number times 6