The daily net income of Francisco is $96
He spent $12.35 on lunch.
Then the percent of the amount spent on lunch is given by
[tex]\frac{\$12.35}{\$96}\times100\%[/tex]Divide the amount spent on lunch by the total daily income and then multiply the result by 100.
[tex]\frac{\$12.35}{\$96}\times100\%=12.9\%[/tex]Therefore, he spent 12.9% of his daily net income on lunch.
