We are given to understand as per the problem that one must save 10% of their take home pay.
Reggie's take home pay is $2,340 per month
As per the rule Reggie must save 10% of 2,340 per month = 0.10*2,340 = $234 per month
Since we need to know the savings in a year, we have to multiply the monthly savings by 12 since there are 12 months a year
Minimum amount per year that he should save = $234 *12 = $2,808
Minimum amount per year that he should save = $2,808
Answer:
9 and 2/5 gallons
Step-by-step explanation:
34 x 9 gallons = 306 miles
14 / 34 = 4/10 of the gallons
4/10 simplified = 2/5
Answer: 9 2/5
Felecia's husband will catch up to her 1 hour 30 minutes after leaving.
Step-by-step explanation:
Step 1; Felecia is traveling at 45 mph, her husband starts 20 minutes after her but travels at a speed of 55 mph. So first we need to calculate how much of a head start Felecia got.
Head start =
× 45 miles an hour = 15 miles.
So Felecia got a head start of 15 miles.
Step 2; Since Felecia and her husband are traveling at different rates, we can determine how much distance there is between them. Since Felecia is traveling at 45 mph and her husband is traveling at 55 mph, their gap in between is closing at a rate of 55 - 45 = 10 miles every hour. So for every hour, the gap between them is closing by 10 miles.
Total gap initially = 15 miles.
The rate at which gap is being closed = 10 miles an hour.
Time to close the gap = 15 / 10 = 1.5 hours.
We have that
Profit margin is calculated by finding the net profit as a percentage of the revenue
Profit margin = [Net profit / Revenue]
Net profit= [Revenue-Cost]
we know that
Revenue = $16.25 million
Cost = $13.5 million + $2.7 million
Net profit = [16.25 million - (13.5 million + 2.7 million)]
Net profit = $0.05 million
Profit margin = 0.05 / 16.25
Profit margin = 0.003077 or 0.3077%