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?
Correct Answer :
9
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:
Next, sum all the percentage allocations of monthly income, which must equal 100%:
Combine the known percentage values:
Subtract 55% from both sides to find the savings percentage:
Divide both sides by 5 to solve for x:
Thus, the value of x is 9.
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