Question

A budget is a plan for using money. Here is a budget.

Earnings: $15 per week
Budget is
savings: $3.00
lunches: $4.25
Entertainment: $3.50
Bus fare: $2.25
Snacks: $2.00
Use the budget to answer 5 questions.
1) what percentage of earnings is savings?
2) what percent of earnings is spent on lunches?
3) what percent was spent on entertainment?
4) what percent was used for bus fare?
5) what percent was used on snacks?​

Answer 1

Answers = 1) 20% 2) 28.3% 3) 23.3% 4) 15% 5) 13.3% (Answers have been rounded off to 3 Significant Figures)

`1) (3)/(15) * 100 = 20`

`2) \frac {4.25}{15} * 100 = 28.3`

`3) (3.50)/(15) * 100 = 23.3`

`4) (2.25)/(15) * 100 = 15`

`5) (2)/(15) * 100 = 13.3`