Question Details

An architect spends 15% of her monthly income on office rent and 10% on software subscriptions. She deposits $3,600 into a retirement account and saves 5x% of her income. If her total monthly income is $12,000, what is the value of x?

Options

A

8

B

12

C

9

D

7

E

15

Show Answer

Correct Answer :

Option C

9

10

Solution :

The correct answer is 9.

To find the value of x, we break down how the total monthly income of $12,000 is distributed across expenditures and savings:
- Office rent: 15% of monthly income
- Software subscriptions: 10% of monthly income
- Retirement account deposit: $3,600
- Savings: 5x% of monthly income

First, calculate the percentage of total income represented by the $3,600 retirement deposit:

Retirement Percentage=360012000×100%=30%

Next, sum all the percentage allocations of monthly income, which must equal 100%:

15%+10%+30%+5x%=100%

Combine the known percentage values:

55%+5x%=100%

Subtract 55% from both sides to find the savings percentage:

5x=45

Divide both sides by 5 to solve for x:

x=455=9

Thus, the value of x is 9.

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