Answered: Carl’s house payment is $1,264 per…

Carl’s house payment is $1,264 per month and his car payment is $456 per month. If Carl's take-home pay is $3,200 per month, what percentage does Carl spend on his car payment?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Carl’s house payment is $1,264 per month and his car payment is $456 per month. If Carl's take-home pay is $3,200 per month, what percentage does Carl spend on his car payment?

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