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5 September, 22:27

Market researchers often report discretionary income. discretionary income is your disposable income minus your fixed expenses. your disposable income is $1,200. after you pay for rent, utilities, groceries, and a car payment, you have $200. what percentage of your disposable income is discretionary

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  1. 6 September, 01:45
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    Discretionary income = $200

    Disposable income = $1200

    To get the percentage of the discretionary income, get the ratio of the discretionary income with respect to the disposable income and multiply by 100.

    % discretionary income = discretionary income / disposable income x 100

    %discretionary income = $200/1200 x 100

    % discretionary income = 16.67%
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