Answer:
Now, derive it from the calculations
Step-by-step explanation:
Net income = 100% = N120,000
therefore
1. Food
40%/100% = 2/5 of N120,000
= N48,000
2.Housing
30%/100% = 3/10 of N120,000
= N36,000
3. Savings
20%/100% = 2/10 (or 1/5) of N120,000
= N24,000
4. Miscellaneous
10%/100% = 1/10 of N120,000
= N 12,000
Quick mathmy friend
