leanna93 leanna93
  • 18-09-2014
  • Mathematics
contestada

How much of a $2,376.80 monthly net income is allotted for food if 23% is budgeted?

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SlowZasob
SlowZasob SlowZasob
  • 21-09-2014
The easiest way to do it (for me) is to find how many 1 percent represents. So we must divide the net income by 100:

2,376.80 / 100 = 23,768 (that's 1% of the income)
23 * 23,768 = 546,664 (that's 23% of the income)

As we are talking about money, we can round it to $546,66. That's how much money is allotted for food.
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