SOLUTION: When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5000. Refer to the table below and answer the questions th

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5000. Refer to the table below and answer the questions th      Log On


   

Question 363066: When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5000. Refer to the table below and answer the questions that follow. Round your answers to nerarest tenth of a percent.
catagory cost percetage
Labor $1,835
Materials 18%
Rent and utilities 25%
Miscellaneous $1,015
Total $5,000
question- what percentage of the total monthly budget is spent on labor?
what percetage of the total monthly budget is spent on miscellaneous items?
How much do material cost?
How much do rent and utilities cost monthly?

Can you please show me how you do this?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi, 

Labor $1,835 

Materials 18% Or .18*5000 = $900

Rent and utilities 25%  Or .25*5000 = $1250

Miscellaneous $1,015

Total $5,000 

% of the total monthly budget is spent on labor? ($1835/5000)*100

% of the total monthly budget is spent on miscellaneous items? ($1015/$5000)*100

How much do material cost?  .18*5000 = $900

How much do rent and utilities cost monthly? .25*5000 = $1250