Answer:
The question is incomplete, below is a possible match to the complete question:
The Chambers family has a net monthly income of $6,500. A circle graph titled Chambers Family Budget. Housing is 25 percent, Food is 20 percent, Savings is 7 percent, Transportation is 12 percent, medical is 10 percent, clothing is 18 percent, emergency fund is 8 percent. If the family decides to reduce its clothing budget by $200 a month, how much will the new clothing budget be? Round to the nearest dollar.
$161
$853
$970
$1,170
The correct answer is $970
Explanation:
To calculate the old budget for clothing, let us first convert from percentage to monetary value, and this is done as follows:
Clothing = 18% of monthly income
where: monthly income = $6,500
∴ clothing = 18/100 × 6,500
= 0.18 × 6,500 = $1,170
old budget = $1,170
If the family decides to reduce its clothing budget by $200 a month, the new budget will be:
New budget = old budget - $200
= 1,170 - 200 = $970.
Therefore, the new budget will be $970