Jasmin budgets the following each month: rent, $400; utilities, $140; food, $320; clothes, $110; car payment and insurance, $470; gasoline, $60; savings, $20; other $80. What percent of her total monthly budget does she spend on car payment and insurance?

Question

Quizplus · Accepted Answer

To find the percent of the budget spent on car payment and insurance, we must first add up all the expenses:

Total monthly budget = $400 + $140 + $320 + $110 + $470 + $60 + $20 + $80 
= $1600

Now we can find the percentage spent on car payment and insurance:

Percentage spent on car payment and insurance = 
($470 ÷ $1600) × 100% ≈ 29.375% ≈ 29 $\frac {3}{8}$%

Therefore, the answer is (C).

Jasmin Budgets the Following Each Month: Rent, $400; Utilities, $140; 14\frac { 1 } { 4 }41​

Jasmin Budgets the Following Each Month: Rent, $400; Utilities, $140; $\frac { 1 } { 4 }$