Question

Question 115

A financial counselor gave a client this pie chart describing how to budget his income. If the client brings home Rs 50000 each month, how much should he spend in each category ?

Answer 1

Monthly income = Rs 50000
$\begin{array}{cc}\text{Category}& \text{Money spent}\\ \text{Housing}& \frac{30}{100}\times 50000=15000\\ \text{Food (incouding eating out)}& \frac{20}{100}\times 5000=10000\\ \text{Car loan and maintenance}& \frac{25}{100}\times 50000=12500\\ \text{Utilities}& \frac{10}{100}\times 50000=5000\\ \text{Phone}& \frac{5}{100}\times 50000=2500\\ \text{Clothing}& \frac{5}{100}\times 50000=2500\\ \text{Entertainment}& \frac{5}{100}\times 50000=2500\end{array}$