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Given that a household spends on average 25 percent of their annual income on groceries. If they spend $2500.00 ongroceries in a year. What is their annual income?

Respuesta :

ANSWER

[tex]\$10,000.00[/tex]

EXPLANATION

The family spends 25% of its annual income on groceries and they spend $2500.00 on groceries.

Let the annual income be A.

This means that:

[tex]25\%\cdot A=\$2500[/tex]

Now, solve for A:

[tex]\begin{gathered} \frac{25}{100}\cdot A=2500 \\ A=2500\cdot\frac{100}{25} \\ A=\$10,000.00 \end{gathered}[/tex]

That is the annual income of the family.

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