some families spend their incomes according to budget plans. if a family used the plan below as a basis…

some families spend their incomes according to budget plans. if a family used the plan below as a basis, about how much would it spend for clothing? $525 monthly income shelter 26% food 28% clothing 7% operation 10% savings 9% other expenses 20% 100% $35.75 $36.75 $53.20 $75.00 none of these

some families spend their incomes according to budget plans. if a family used the plan below as a basis, about how much would it spend for clothing? $525 monthly income shelter 26% food 28% clothing 7% operation 10% savings 9% other expenses 20% 100% $35.75 $36.75 $53.20 $75.00 none of these

Answer

Explanation:

Step1: Identify the formula

To find the amount spent on clothing, we use the formula: Amount = Percentage×Monthly Income.

Step2: Substitute the values

The monthly income is $525 and the percentage for clothing is 7% or 0.07 in decimal form. So, Amount = 0.07×525.

Step3: Calculate the result

0.07×525 = 36.75.

Answer:

$36.75