A. Spend 10 percent on clothing and 10 percent on entertainment
B. Spend 10 percent on entertainment and 20 percent on clothing
C. Spend 10 percent on rent and 10 percent on food
D. Spend 20 percent on food and 5 percent on gas.
Answer:
Spend 10% on clothing and 10% on entertainment
Step-by-step explanation:
Before answering this question, you need to know 2 types of expenses:
1. Fixed
2. Variable
Fixed expenses is the obligatory expenses which we do not have much control, and usually we have to pay in a certain amount of type. For example rent, student loan, grocery etc. In this case, the only fixed expenses is rent which you have to pay every month.
The other options: entertainment, clothing,food and gas are considered variable as it is not obligatory and you can choose how much you would spend.
Option C is not applicable since rent is a fixed expenses and can't be easily change.
Between A, B and C, A is the less amount of percentage compared the other.
