Question

Sophia just graduated from college and is living on her own. She only wants to

spend about ten percent of her net income on food. She earns a net income of
$2,450 each month. Last week, she tracked her food spending and found she
spends about $75 a week on groceries. Is she meeting the ten percent?

Answer 1

Sophia's monthly spent on food is $300 while she wants to spend $245.

As her real monthly spent is greater than what she wants, she is not meeting the 10% criteria. In fact, she exceed her budget for month

Explanation:

Net income of Sophia = $2,450

% of money she wants to spend on food = 10% of Net income of Sophia

thus,

Amount of money she wants to spend on food in $

= 10% of $2,450

= 10/100 * $2,450 = $245

Hence, Sophia wants to spend $245 in a month on food.

__________________________

it is given that last week she spent $75 on food

thus, weekly spent on food = $75

as there are 4 weeks in a months

money spent by her in 4 weeks = $75* 4 = $300

Thus, her monthly spent on food is $300 while she wants to spend $245.

As her real monthly spent is greater than what she wants, she is not meeting the 10% criteria. In fact, she exceed her budget for month