Jessica makes 2,000.00 a month. She sets 25% of her paycheck aside to put towards fancy shoes. Each pair of shoes she buys costs 1,000.00. How many shoes can she buy in a year?
Answer: Jessica can buy 6 pairs of shoes in a year.
Step-by-step solution
Step 1: Calculate monthly savings for shoes
First, we need to determine how much money Jessica saves each month specifically for shoes. This is calculated by taking her monthly income and multiplying it by the percentage of her paycheck she sets aside.
Step 2: Calculate annual savings for shoes
Next, we calculate the total amount Jessica saves for shoes in one year by multiplying her monthly savings by 12 months.
Step 3: Calculate number of shoes that can be bought
Finally, to find out how many pairs of shoes Jessica can buy in a year, we divide her total annual savings for shoes by the cost of one pair of shoes.
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