Question

Use the circle graph below to answer each question. 1. What percent of the Milton's budget is for rent? 2. What percent of the Milton's budget is for clothes? 3. If the Milton's have a $2,000 budget, how much of that budget will go in savings? 4. If the Milton's have a $2,000 budget, how much of that budget will go towards food? 5. If the Milton's have a $2,000 budget, how much of that budget will go towards misc items?

Answer 1

We are given the Pie chart of Milton's family budget with the following detail:

Food = 33%

Rent = 25%

Savings = 6%

Clothes = 15%

Misc = 21%

1. The percentage of the budget allocated to rent is 25%

2. The percentage of the budget allocated to clothes is 15%

3.

If the budget is $2,000, the amount allocated to Savings is:

$\begin{gathered} Savings=6\text{\%}\times\text{\ }2,000 \\ Savings=\frac{6}{100}\times2,000 \\ Savings=\text{ \ }120 \end{gathered}$

4.

If the budget is $2,000, the amount allocated to food is:

$\begin{gathered} Food=33\text{\%}\times\text{\ }2,000 \\ Food=\frac{33}{100}\times2,000 \\ Food=\text{\ }660 \end{gathered}$

5.

If the budget is $2,000, the amount allocated to Misc is:

$\begin{gathered} Misc=21\text{\%}\times\text{\ }2,000 \\ Misc=\frac{21}{100}\times2,000 \\ Misc=\text{\ }420 \end{gathered}$