Math Problem Statement

greg spends 1/5 of his take-home pay on his mortgage and property taxes, out of the remaining money he spends 1/4 on food and 3/8 on clothes, from the money left over after these expenses, he puts 1/6 into savings, what fractional part of his take-home pay does greg have left - solve with pie chart

Solution

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Math Problem Analysis

Mathematical Concepts

Fractions
Percentage of Income
Basic Arithmetic Operations

Formulas

Remaining portion formula: Remaining = 1 - Spent
Fraction of remaining amount: (fraction) × (remaining income)

Theorems

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Suitable Grade Level

Grades 6-8