Todd has a net monthly income of $2,000. Create a reasonable monthly budget for Todd. Be sure to include the following expenses:
Todd and two friends are sharing a $900/month apartment. Todd's share of the rent is $300. They are also splitting utilities 3 ways. Utility costs average $150/month ($50 per person). Todd is a student. He has a tuition waiver, but he must pay about $250 per month for books and supplies.
Okay, so if Todd has to pay 300 for rent, 2,000-300=1,700. Then, 50 for utilities, 1,700-50= 1,650. Then for books and supplies- 1,650-250=1,400. He'd have $1,400 left after his fees are paid. That money would most likely go towards food, clothes, household supplies, etc. Lets say he uses 75 for clothes. 1,400-75= 1,325. And then for clothes, he can have a $100 budget. 1,325-100=1,225. Cleaning supplies can be $25. 1,225-25=1,200. Now, since he's a big boy, he probably has a car and insurance to pay. His car payment is around $400, and insurance is $125. That's $525. $1,200-525=675. The left over $675 can go in the bank, or towards anything else he needs.
To find 1/3 of 27 divide 27 by the denominator (which in this case would be 3) then multiply by the numerator (which is one) so you'd do 27 divided by 3 then multiply by 1
