Question

Gigi’s parents pay $1,400 for a mortgage and $250 for a car loan each month. They pay $175 monthly for health insurance and spend about $300 a month on food. Utilities cost about $150 a month. They pay about $100 for the monthly Internet and cell phone plan and set aside $200 per month for retirement.
This month, Gigi’s parents spend $285 on food, $175 on utilities, and $112 on the Internet and cell phone plan. What are her parents’ total fixed and variable expenses this week?





fixed expenses total: $

variable expenses total: $

Answer 1

$225 is fixed

and $125 is variable