Question

You have budgeted $200.00 for 3 of your bills each month. With the following information, how much did you allow for new clothes? 1/5 is for your phone bill, 65% is for your food, the rest is for clothes *

Answer 1

$30

Explanation:

Given that the total budget is $200, the sum of the individual amounts budgeted for the various kinds of bill must be equal to $200. If 1/5 is for phone bill and 65% is for food then,

Budget for;

Phone bill = 1/5 * $200

= $40

Food = 65% * $200

= $130

Since the rest is for New cloths, the amount for new cloths will be the difference between the total budget and the amount spent on other expenses.

New cloths budget = $200 -$40 - $130

= $30