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Ann’s rent represents 25% of her total spending. If her rent decreases
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11 Mar 2021, 03:45
11 Mar 2021, 03:45
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Ann spent her income of $4,080 one month.
GRE Ann spent twice as much on expenses as on savings..jpg [ 30.74 KiB | Viewed 2895 times ]
Ann’s rent represents 25% of her total spending. If her rent decreases by $244.80, and she uses this money to add to her savings, what percent of her total spending will then be used for rent?
17%
18%
19%
20%
21%
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
Attachment:
GRE Ann spent twice as much on expenses as on savings..jpg [ 30.74 KiB | Viewed 2895 times ]
Ann’s rent represents 25% of her total spending. If her rent decreases by $244.80, and she uses this money to add to her savings, what percent of her total spending will then be used for rent?
17%
18%
19%
20%
21%
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
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Re: Ann’s rent represents 25% of her total spending. If her rent decreases
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11 Mar 2021, 08:44
11 Mar 2021, 08:44
1
Carcass wrote:
Ann spent her income of $4,080 one month.
Ann’s rent represents 25% of her total spending. If her rent decreases by $244.80, and she uses this money to add to her savings, what percent of her total spending will then be used for rent?
17%
18%
19%
20%
21%
Ann’s rent represents 25% of her total spending. If her rent decreases by $244.80, and she uses this money to add to her savings, what percent of her total spending will then be used for rent?
17%
18%
19%
20%
21%
Rent = (0.25)(4080) = $1020
New Rent = 1020 - 244.80 = $775.2
Percent Change = \(\frac{775.2}{4080}\) x \(100\) = 19%
Hence, option C
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