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A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account

A household has the following statistics related to Balance Sheet and annual Cash Flow:

Balance Sheet Items: in Dollars
Cash 2,500
CD 12,000
Savings Account Balance 3,500
Credit Card Debt 9,500
Current Year Portion of mortgage 7,800
Cash Flow Items:
Salary 115,000
Dividend Income 1,500
Discretionary Expenses 8,000
Nondiscretionary Expenses 28,975
Debt Repayment 8,700
Retirement Investments 15,500
Capital Expenditure -

Compute the discretionary Cost percentage

6.96%
24.87%
25.20%
6.87%

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