A family spends 20% of its monthly income on food, 23% on rent, and 42% on other expenses and saves the balance.
If the family saves $360 per month, what is its monthly income?
20% + 23% + 42% = 85%
100% – 85% = 15% saved
15% • MI = $360
0.15 • MI = $360 —> MI = $360 / 0.15
MI = $2400
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