My question is: Dr. Jones earns $6,000 a month. His house rental is $640 each month; his monthly food expense is $380; his electric and water bill costs 1/4 of what he makes, and his insurances cost 1/5 of what he makes. How much money does he have left after paying those four bills? Your thoughts:
Dr. Jones pays $6000 / 4 = $ 1500 for his electric and water bill. He pays $6000 / 5 = $1200 for his insurances. The total amount he pays for the bills and insurances is $1500 + $1200 = $2700. The remaining money from his earning after paying off the bills and insurance is $6000 - $2700 = $3300. The total amount he needs to pay for the rent and food expenses is $640 + $380 = $1020. So, Dr. Jones has $3300 - $1020 = $2280 left. The final answer: 2280.