Use the data from the Tracer family's monthly spending and income.

| Category | Percent of Income |
|---|---|
| Housing | 25% |
| Utilities | 5% |
| Life Insurance | 10% |
| Transportation | 15% |
| Food | 15% |
| Clothing | 2% |
| Entertainment | 3% |
| Savings | 15% |
| Health Care | 5% |
| Miscellaneous | 10% |
| Income | $3,000 |

To the nearest whole percent, what percent of the Tracer's monthly spending was spent on clothing?

Question

Use the data from the Tracer family's monthly spending and income.

| Category | Percent of Income |
|---|---|
| Housing | 25% |
| Utilities | 5% |
| Life Insurance | 10% |
| Transportation | 15% |
| Food | 15% |
| Clothing | 2% |
| Entertainment | 3% |
| Savings | 15% |
| Health Care | 5% |
| Miscellaneous | 10% |
| Income | $3,000 |

To the nearest whole percent, what percent of the Tracer's monthly spending was spent on clothing?

Quizlet Admin · Accepted Answer

$$
\$55\div \$2,600 = 0.02 = 2\%
$$

Category	Percent Budgeted	Dollars Budgeted	3 Month Average
Housing	30%	$1,350	$1,350
Utilities	15%	$675	$675
Transportation	10%	$450	$400
Food	15%	$675	$650
Clothing	5%	$225	$175
Entertainment	10%	$450	$500
Savings	5%	$225	$150
Health Care	5%	$225	$225
Miscellaneous	5%	$225	$485
Monthly Income	100%	$4,500	$4,610

Create an account to view solutions

Create an account to view solutions

Related questions