Question

A family has a net income of $ 3100 per month and an entertainment budget of $ 399 per month. What percentage of their monthly income is spent on

entertainment?
% of their monthly income is spent on entertainment. (give your answer to the nearest 0.1 %).

Answer 1

12.87%

Explanation:

To identify the % of their monthly income is spent on entertainment we use following formula

Total Budget of Entertainment / Total Net Income

$399/$3,100*100

12.87%