Question

Roz takes home $1600 each month. She budgets 30% of her paycheck for rent, 20% for food, and 10% for utilities. the remainder is divided evenly among entertainment, clothes, transportation, savings and chairty. How much money does Roz budget each month for each category?

Answer 1

Roz has a total $1600 each month. All you need to do is to multiply each percentage to the money she has.

Rent = $1600 (.30) = $480

Food = $1600 (.20) = $320

Utilities = $1600 (.10) = $160

entertainment, clothes, transportation, savings and charity = $1600 [1 – (.3 + .2 + .1)] = $640