In May Mrs. Lee's earnings were 60 percent of the Lee family's total income. In June Mrs. Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs. Lee's earnings were approximately what percent of the Lee family's total income?

Question

Business

Alfred Sawyer

14 July, 15:56

In May Mrs. Lee's earnings were 60 percent of the Lee family's total income. In June Mrs. Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs. Lee's earnings were approximately what percent of the Lee family's total income?

+2

Answers (1)

Know the Answer?

Bridger Williamson · Answer 1

Mrs. Lee's earnings were approximately 64.29% of the Lee family's total income

Explanation:

For computing the approximate percentage we have to assume the things, and the calculation is shown below:

Let us assume the total earning be $100

So, lee earning would be = 100 * 60% = $60

And, the rest of the family earning is 40%

Now,

If the lee earned 20% more which equals to

= $60 + ($60 * 20%)

= $60 + 12

= $72

And, the rest of the family income would remain the same, so it would be $40

So, now the total income would be equal to

= Lee earnings + rest of the family income

= $72 + $40

= $112

So, the approximate percentage would be

= ($72 : $112) * 100

= 64.29%