Question

A family has a monthly budget of $2,400. How much money is spent on each category? 44% is spent on housing. 23% is spent on food. 6% is spent on clothing. 17% is spent on transportation. The rest is put into savings.

Answer 1

Answer:

• housing, $1056
• food, $552
• transportation, $408
• savings, $240
• clothing, $144

Step-by-step explanation:

Multiply the budget total by the percentage for each category:

• housing: 44% × $2400 = $1056
• food: 23% × $2400 = $552
• clothing: 6% × $2400 = $144
• transportation: 17% × $2400 = $408
• savings: 10% × $2400 = $240

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Find "the rest" by subtracting the total of percentages from 100%, or by subtracting the total of budget categories from $2400. Here, everything (not including savings) adds to 90% × $2400 = $2160, so the amount to savings is 10%, or $240.