Question

Determine whether more or less than the percent budgeted was actually spent.

The total budget is $3,600.00. You have decided to spend 25% on housing, 20% on food, 10% for transportation, and 8% for personal items.
You spent $820.00 on housing.
You spent $370.00 for transportation.

Less

More

Answer 1

The amount spent as a percentage of the budget can be found from

... (actual amount)/(total budget) × 100%

... = (actual amount)/3600×100%

... = ((actual amount)/36)%

For housing, this is

... (820/36)% = 22.78% . . . . less than budget for housing

For transportation, this is

... (370/36)% = 10.28% . . . . more than budget for transportation