Posted by **Connie** on Wednesday, November 16, 2011 at 4:22pm.

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 and 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?

- algerbra 1 -
**Lee**, Wednesday, November 16, 2011 at 4:51pm
a. What percentage of the total monthly budget is spent on labor?

1,835/5,000= 36.7%

b. What percentage of the total monthly budget is spent on miscellaneous items?

1,015/5,000=20.3%

c. How much do materials cost monthly?

5,000*.18= $900

d. How much do rent and utilities cost monthly?

5,000*.25= $1250

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