If a sales associate's expenses average 35% of gross income, what percentage of gross income represents their required take-home income?

If a sales associate's expenses average 35% of gross income, what percentage of gross income represents their required take-home income?

• A. 50%
• B. 65%
• C. 70%
• D. 80%

Answer: (B)

To determine the percentage of gross income that represents the required take-home income when a sales associate's expenses average 35% of gross income, one can utilize a straightforward approach. First, consider the total gross income. If expenses are 35%, this means the remaining amount, which constitutes the take-home income, is calculated by subtracting the expenses from 100%. Therefore, the remaining percentage after the deduction of expenses is: 100% - 35% = 65% This calculation indicates that 65% of the gross income is what the sales associate takes home after covering their expenses. Therefore, the percentage of gross income that represents the required take-home income aligns precisely with this calculation, affirming that 65% is the correct answer.

To determine the percentage of gross income that represents the required take-home income when a sales associate's expenses average 35% of gross income, one can utilize a straightforward approach.

First, consider the total gross income. If expenses are 35%, this means the remaining amount, which constitutes the take-home income, is calculated by subtracting the expenses from 100%. Therefore, the remaining percentage after the deduction of expenses is:

100% - 35% = 65%

This calculation indicates that 65% of the gross income is what the sales associate takes home after covering their expenses. Therefore, the percentage of gross income that represents the required take-home income aligns precisely with this calculation, affirming that 65% is the correct answer.