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September 2, 2015

Homework Help: Algebra

Posted by Anonymous on Thursday, May 22, 2008 at 8:51pm.

Can someone look over this and advise me if these are wrong?

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? 36.7%

b) What percentage of the total monthly budget is spent on miscellaneous items? 20.3%

c) How much do materials cost monthly? $900.00

d) How much do rent and utilities cost monthly? $1,250.00

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