Please help me solve
I have a budget of 5000,
Labor is 1,835.00 a month what's the precentage a month
Material is 18% a month how much is material a month
Rent and utilities 25% how much is rent a month
Miscellaneous is 1,015 what is the percentage
The percentage should total 100%
labor 1835/5000*100%= 36.7%
material 18%*5000= 900
rent 25%*5000= 1250
misc 1015/5000*100%= 20.3
labor $1835 36.7%
material 900 18%
rent 1250 25%
misc 1015 20.3%
total $5000 100%
To solve this problem, we need to calculate the monthly amounts for each category based on the provided percentages and budget.
1. To find the monthly labor cost, multiply the budget ($5000) by the given percentage for labor (1,835 / 5000 = 0.367). Multiply this result by 100 to convert it into a percentage: 0.367 * 100 = 36.7%. So, the labor cost is 36.7% of the budget, which is equivalent to $5000 * 0.367 = $1835.
2. For the material cost, multiply the budget by the given percentage (18 / 100 = 0.18): $5000 * 0.18 = $900. Thus, the material cost is $900 per month.
3. To calculate the rent and utilities, multiply the budget by the given percentage (25 / 100 = 0.25): $5000 * 0.25 = $1250. Therefore, the monthly rent and utilities cost is $1250.
4. For miscellaneous expenses, we already have a specific amount of $1015, so there is no need for further calculations. The percentage for miscellaneous is not needed in this case.
Adding up the percentages to check if they sum up to 100%:
Labor (36.7%) + Material (18%) + Rent and Utilities (25%) = 79.7%.
Since the sum is not exactly 100%, there might be missing information or an error in the given data. Please double-check the information provided to ensure accuracy.