Question

In order to purchase the $75.00 pair of pants at urban outfitters, sally needs to save some money. she has a monthly income of around $200. her phone bill is $50.00 and her groceries cost $50.00. gas for her car is $40.00. she tries to put away at least $30.00 a month in her savings account. the rest is hers to spend or save.

Answer 1

After accounting for Sally's monthly expenses and savings, she has $30 left, which means she can save enough for the $75 pair of pants after one month by saving this remaining balance.

Step-by-step explanation:

To calculate how much Sally can save towards purchasing the $75.00 pair of pants at Urban Outfitters, we must start by evaluating her monthly expenses and income. Sally's monthly income is $200. From this, she pays $50.00 for her phone bill, $50.00 for groceries, and $40.00 for gas. She also puts away $30.00 in savings. After covering all her expenses and savings, the rest can be used for discretionary spending or additional savings.

Now, let's calculate her remaining balance after her expenses and savings:

Monthly Income: $200
Phone Bill: -$50
Groceries: -$50
Gas: -$40
Savings: -$30
Remaining Balance = Income - (Phone Bill + Groceries + Gas + Savings)

Remaining Balance = $200 - ($50 + $50 + $40 + $30)
Remaining Balance = $200 - $170
Remaining Balance = $30

Sally has $30 left to spend or save additionally. Therefore, if she chooses to save the entire remaining balance, she can afford the pair of pants after one month.