Question

Homer spends $13 on lottery tickets every week and spends 135 per month on rent on an annual basis, the first expense is what percent of the second expense

Answer 1

Answer:

The first expense is 9.62 percent of the second expense

Step-by-step explanation:

Expense on lottery tickets = $13

Expense on rent = $ 135

Let the lottery ticket be k percentage of rent $135

So, by definition k% of 135 = 13

or, $\frac{k}{100} \times 135 = 13$

or, $k = \frac{13 \times 100}{135}  = 9.62$

⇒ k = 9.62%

So, the first expense is 9.62 percent of the second expense.