FAMILY X\'S EXPENDITURES AS A PERCENT OF ITS GROSS ANNUAL INCOME 1989 Gross annu
ID: 2952780 • Letter: F
Question
FAMILY X'S EXPENDITURES AS A PERCENT OF ITS GROSS ANNUAL INCOME 1989 Gross annual income: $50.000 1990 Gross annual income: $45,000 In 1989 Family X used a total of 49 percent of its gross annual income for two of the categories listed. What was the total amount of Family X's income used for those same categories in 1990 ? Family X's gross income is the sum of Mr. X's income and Mrs. X's income. In 1989 Mr. and Mrs. X each had an income of $25,000. If Mr. X's income increased by 10 percent from 1989 to 1990. by what percent did Mrs. X's income decrease for the same period?Explanation / Answer
A39 B 3025+25=50 27.5 + ? = 45, so ? = 17.5, it went down7.5/25=30%
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