Question 144135: This is another word problem that I just do NOT have Any idea how to do, will someone please help me with this?
5. When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5,000. Refer to the table below and answer the questions that follow. Round your answers to the nearest tenth of a percent.
Category Cost Percentage
Labor $1,835 ???
Materials ??? 18%
Rent/utilities ??? 25%
Miscellaneous $1,015 ???
Total $5,000 100%
a) What percentage of the total monthly budget is spent on labor?
b) What percentage of the total monthly budget is spent on miscellaneous items?
c) How much do materials cost monthly?
d) How much do rent and utilities cost monthly?
HELP PLEASE!!!
Found 2 solutions by solver91311, checkley77:
Answer by solver91311(24713)   (Show Source):
You can put this solution on YOUR website! For the Labor category, divide  , multiply the answer by 100 (to convert to percent), then round to the nearest tenth.
For the Materials category, multiply  . No instructions on rounding, so I would round to the nearest dollar because that is the precision of the given information.
Rent/Utilities, do it the same way as Materials. Remember to convert 25% to 0.25 as a decimal fraction.
Miscellaneous, do it the same way as the Labor calculation.
Answer by checkley77(12844)  (Show Source):
You can put this solution on YOUR website! Category Cost Percentage
Labor $1,835 ???
Materials ??? 18%
Rent/utilities ??? 25%
Miscellaneous $1,015 ???
Total $5,000 100%
a) What percentage of the total monthly budget is spent on labor?
b) What percentage of the total monthly budget is spent on miscellaneous items?
c) How much do materials cost monthly?
d) How much do rent and utilities cost monthly?
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A) 1,835/5,000=.367 OR 36.7%
B) 1,015/5,000=.203 OR 20.3%
C) .18*5,000=$900 FOR MATERIALS.
D) .25*5000=$1,250 FOR RENT & UTILITIES.
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