private iris Johnny Depp is estimated to have earned $18 million in 2006. In con

Question

private iris Johnny Depp is estimated to have earned $18 million in 2006. In contrast, the average American citizen made roughly S30,000. To get a sense of what it feels like to make S18 million a year, the prices of a number of common products are listed together with the "feels like" 26. Celebrity Spending Power price. At This Price Feels Like (dollars) Product (dollars) 275,000.00 458.33 33.33 3.33 0.50 0.17 0.07 0.00 0.00 house car laptop boom box 20,000.00 2000.00 300.00 100.00 40.00 2.29 1.00 hotel room nice meal hamburger soda Source: www.bankrate.com/brm/news/ financial_literacy/movies_salary.asp?web shrm& athlete= 163&submit;=submit Using percentages, explain how the table converts the actual product price for the average American citizen the "feels like" price for Johnny Depp. to

Explanation / Answer

An average american citizen income (a)= $ 30,000

johnny Depp estimated income(b) = $ 18,000,000

percent income of average american citizen in respect of jhonny depp (p)= (a/b)*100 = (30000/18000000)*100 = (1/600)*100 = 1/6

So cost of house for average american citizen (c)= $ 275000

For house johnny Depp feels like = (c * p)/100 = (275000*(1/6))/100 = 45833.33/100 = $458.33

Cost of car for average american citizen (d)= $ 20000

For car johnny Depp feels like = (d * p)/100 = (20000*(1/6))/100 = 3333.33/100 = $33.33

Cost of laptop for average american citizen (e)= $ 2000

For laptop johnny Depp feels like = (e * p)/100 = (2000*(1/6))/100 = 333.33/100 = $3.33

Cost of boom box for average american citizen (f)= $ 300

For boom box johnny Depp feels like = (f * p)/100 = (300*(1/6))/100 = 50.00/100 = $0.50

Cost of hotel room for average american citizen (g)= $ 100

For hotel room johnny Depp feels like = (fg* p)/100 = (100*(1/6))/100 = 16.67/100 = $0.17

Cost of nice meal for average american citizen (h)= $ 40

For nice meal johnny Depp feels like = (h * p)/100 = (40*(1/6))/100 = 6.67/100 = $0.07

Cost of hamburger for average american citizen (h)= $ 2.29

For hamburger johnny Depp feels like = (h * p)/100 = (2.29*(1/6))/100 = 0.38/100 = $0.00

Cost of soda for average american citizen (h)= $ 1

For soda johnny Depp feels like = (h * p)/100 = (1.00*(1/6))/100 = 0.16/100 = $0.00

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