Carl’s house payment is $1,100 per month and his car payment is $466 per month. If Carl's take-home pay is $2,950 per month, what percentage does Carl spend on his home and car?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 30P
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Carl’s house payment is $1,100 per month and his car payment is $466 per month. If Carl's take-home pay is $2,950 per month, what percentage does Carl spend on his home and car?

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