Question

The recent estimated total expenditure on a child by husband/wife families with an average income of $76,520 was $221,190, and $69,660 was projected for the child's housing cost. What percent of the total expenditure was projected for housing

Answer 1

`31.5 %`

Explanation:

Given:

Average income of family is $76,520

Total expenditure on a child is $221,190

Cost incurred on child's housing is $69,660

To find: percent of the total expenditure projected for housing

Solution:

Cost incurred on child's housing = $69,660

Total expenditure on a child = $221,190

Percent of the total expenditure projected for housing = [(Cost incurred on child's housing)/(Total expenditure on a child)] × 100

`=(69660)/(221190)* 100=31.5 %`