Thursday, February 19, 2009

Percents%

You have just graduated college and have found your dream job as a dentist! Let's pretend you will be making around $1200 per month, depending on overtime, bonuses, etc. Now here is the deal - you need to make sure you manage your money wisely. Answer the following questions:
1) Your rent plus utilities (gas, water, internet, phone, etc.) is $540 a month! What percentage of your monthly income is this? 45%
2) You spend about 6% of your income per month on your cell phone bill! What amount is this?72$
3) You usually spend around $200 per month on groceries. Find this percentage. 16.6%
4) You spend about $40 per week on gas filling your car's gas tank! What percentage of your monthly income is spent on gas? 3.33%
5) You like to use the remaining money and split it - using 60% on entertainment (movies, shopping, etc.) and putting the other 40% in savings. About how much money is spent on entertainment and how much is put in savings? Entertainment=720$ Savings=480$

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